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

Appeals Court sides with Colorado on interest-rate caps for out-of-state loans

Colorado can once again enforce its maximum interest rate for payday loans and other forms of consumer debt, even if the bank issuing the loan is located in a different state. The 10th Circuit Court ... Read More

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

Big US Banks Lower Prime Lending Rates After Fed Rate Cut

(Reuters) - Major U.S. lenders lowered a key interest rate on Wednesday, providing U.S. consumers a reprieve on borrowing costs, after the Federal Reserve cut interest rates for the first time this ... Read More