Consumer News What Are The Interest Rate Caps For Loans In Every U S State In 2024

Colorado wins legal battle to cap interest rates on consumer loans

At question were consumer loans that nonbank lenders were issuing through banks chartered in other states with no caps or very high caps on interest rates. Read More

Tenth Circuit Narrows DIDMCA Opt‑Out Preemption: Colorado May Apply Its Rate Caps to Loans From State Chartered Banks to Borrowers Located in Colorado

On November 10, the Tenth Circuit reversed the district court’s preliminary injunction in the challenge to Colorado’s H.B. 23‑1229, holding that Colorado may enforce its Uniform Consumer Credit Code ... Read More

Colorado wins key ruling on interest rate caps for out-of-state banks

Federal appeals court upholds Colorado’s right to apply its interest rate limits to loans made by out-of-state banks to state residents Decision could reshape bank-fintech partnerships that rely on ... Read More

Tenth Circuit Allows Colorado to Enforce its Interest Rate Caps on Out-of-State Banks

In a significant decision for bank partnership arrangements, the United States Court of Appeals held that Colorado may apply its state interest rate caps to loans made by out-of-state banks under the ... Read More

Consumer Reports: Interest on student loans has started

If you’ve got federal student loans, there are some big changes you need to know about. Interest has started up again for millions of borrowers, and for many, the first step is figuring out where ... Read More

Consumer Reports: Make the most of interest rate cuts

IF YOU HAVE CREDIT CARDS, LOANS AND A SAVINGS ACCOUNT, THE RECENT CUT BY THE FEDERAL RESERVE ON SHORT TERM INTEREST RATES LIKELY IMPACTS YOU. CONSUMER REPORTS BREAKS DOWN THE CHANGES YOU MIGHT SEE ON ... Read More