There’s absolutely no federal usury restriction for short-term, small-dollar loans, and federal legislation expressly forbids the CFPB from developing usury limitations

There’s absolutely no federal usury restriction for short-term, small-dollar loans, and federal legislation expressly forbids the CFPB from developing usury limitations

There’s absolutely no federal usury restriction for short-term, small-dollar loans, and federal legislation expressly forbids the CFPB from developing usury limitations Congress, nevertheless, did pass legislation capping both the interest