Urge Legislators to Stop Predatory Lending by Capping Interest Rates

Too often people most in need of a payday loan become trapped in a debt cycle due to sky-high interest rates. A loophole in MN law allows lenders to charge 600-700% APR on a $100 loan. Urge legislators to cap the interest rate of payday loans at 36% - the same rate that is set for active duty service military personnel and their families.

This campaign has ended and is no longer taking action.