Payday, installment and car title loans with astronomical interest rates trap millions of Americans in debt every year.
Congress is considering H.R. 5050, the bipartisan Veterans & Consumers Fair Credit Act. The VCFCA would put an end to predatory lending by capping interest rates on these types of loans at 36% APR -- a proven method that's already working in more than a dozen states. But the predatory lending industry is fighting tooth and nail to stop the bill.
Make your voice heard: Urge your member of Congress to end predatory lending by supporting H.R. 5050.