The Maximum Allowable Rate Cap: A Risky Move Toward Increased Illegal Lending
The CLA remains committed to working with the federal government, law enforcement, and stakeholders to design a framework that balances consumer protection with credit access. Let’s ensure we do not inadvertently harm the very people we aim to protect. Policies that limit access to regulated credit must be implemented with caution to avoid creating vulnerabilities.
HQ's Comms Hub, Feb 10, 2025