The 118 undersigned consumer, civil rights, and community organizations write to urge you to defend and strengthen interest rate limits and transparency to address the affordability crisis by:
- Insisting that the Trump Administration deny applications from Enova and OppFi, lenders that charge annual interest rates of 100% APR and higher, to become national banks;
- Opposing H.R. 7866 (Davidson)/S. 3889 (Moreno), American Lending Fairness Act;
- Supporting S. 3721 (Whitehouse), Empowering States’ Rights to Protect Consumers Act;
- Supporting S. 3793 (Reed), Predatory Lending Elimination Act.