Interest Rate Survey
Survey confirms public support for cracking down on high-cost lending As Congress debates various financial reforms designed to revive the economy, the Center for Responsible Lending has conducted a national survey to measure public support for one strategy on the table: a 36 percent cap on annual interest rates for consumer loans. The survey found high levels of support for such a measure, which had very little variance across different demographic groups. Specifically: Three out of four Americans who expressed an opinion think that Congress should cap interest rates at some level. 72% think...