“The current economic crisis has added crushing debt onto the backs of Americans who can least afford it, which is disproportionately Black, Latino, and Native American communities,” observed Lisa Stifler, the Center for Responsible Lending’s Director of State Policy.
“Payday and other high-cost, predatory loans make this situation even worse. Strong loan interest rate caps on the state and federal levels are essential to lifting the burden of debt that so many people have been forced to live with.”
