The 93 undersigned consumer, civil rights, and community organizations wrote to Chairman Scott, Ranking Member Warren, Chairman Hill and Ranking Member Waters urging them 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 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.