Top Tweets for #36PercentCap
NEW #FinancialLiteracyMonth video about why readily providing the APR of payday loans is essential to providing #FinancialFairness for consumers.
CRL urges Congress to pass a federal #36PercentCap APR to protect families. #StopTheDebtTrap
https://t.co/rOr5BguQwc
“Usury caps of around 36% are the most effective way to stop predatory small-dollar loans. And stronger limits are essential on larger loans.” @SavvyLatina #36PercentCap #StopTheDebtTrap
Column: California's usury law caps loan rates. Bizarrely, most lenders are exempt https://t.co/SnJfsorRvA
The Military Lending Act’s #36PercentCap on interest rates works for military servicemembers and should be extended to everyone, said Holly Petraeus at @SenateBanking Committee’s hearing today.
Watch CRL's @ACHesquire's opening remarks before today's Senate Banking hearing. #36PercentCap
"Bottom line: high-cost lending disproportionately harms Black and Latino communities, exploiting and
perpetuating the #RacialWealthGap."
Powerful testimony from @ACHesquire of @CRLONLINE on why Congress must pass the #36PercentCap bill:
"Evidence from the real world is clear: the only access predatory lending provides is access to debt.
It fuels financial exclusion, NOT inclusion."
.@RepChuyGarcia on why Congress must pass @SenJackReed's #36PercentCap bill:
"Capping interest rates on consumer loans is important to me for a simple reason – my community needs it.
They know all about the dangers of predatory lending."
Chairman @SenSherrodbrown's opening remarks on @SenJackReed's #36PercentCap bill:
"Now is the time for this Committee to again lead the country– by passing a federal law establishing a 36 percent interest rate cap on all consumer loans."
When payday lenders prey on people with interest rates as high as 600%, they're trapping them in a cycle of debt no one could afford to repay.
I'm joining @SenJackReed's #36PercentCap bill to cap interest rates on all consumer loans at 36%.
LIVE NOW - Hearing on @SenJackReed's and @SenSherrodBrown's #36PercentCap bill:
Protecting Americans from Debt Traps by Extending the Military's 36% Interest Rate Cap to Everyone https://t.co/PyXBn3LGZO
This thread is worth a read.
Tune in tomorrow for our hearing on the #36PercentCap bill @SenJackReed and I introduced today to cap interest rates on payday (and other) loans👇
Tomorrow, the @SenateBanking and Housing Committee will hold a hearing on the bipartisan #36PercentCap legislation, featuring House cosponsors @RepGrothman & @RepChuyGarcia and three leaders in consumer protection.
TUNE IN:
Tomorrow, the @SenateBanking and Housing Committee will hold a hearing on the bipartisan #36PercentCap legislation, featuring House cosponsors @RepGrothman & @RepChuyGarcia and three leaders in consumer protection.
TUNE IN:
More and more states around the country are capping interest rates on payday and other loans – and they’re doing it with overwhelming bipartisan support. The #36PercentCap bill would ensure all Americans are protected from these debt traps.
That's why today, Chair @SenSherrodBrown and @SenJackReed introduced a bill to extend the Military Lending Act’s #36PercentCap on interest rates to everyone.
They're joined by Committee members @SenTinaSmith, @ChrisVanHollen, and @SenatorWarnock in pushing this fix.
The real cost of #paydayloans: the average payday borrower spends $520 in interest to borrow $375. #36PercentCap http://t.co/vJ0lG9b566
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