A Family Borrowed $218,000 and Paid Back $240,000. Why Are They Facing Foreclosure?

Predatory #lenders often take part in #RentABank schemes that enable them to circumvent state lending laws and charge borrowers sky-high #interest rates.
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@adamrust.bsky.social

N.J. lawmakers can give consumers the gift of a humane holiday | Opinion Let's end the sale of animals at pet shops stocked by puppy mills.

In most cases, New Jersians are protected from soaring interest rates. But as NCLC explains, puppy-selling pet stores can offer “predatory puppy loans,” with interest rates that would otherwise be illegal. #RentaBank #ProtectConsumers @nj.com @humanesociety.bsky.social www.nj.com/opinion/2024...

What are the interest rate caps for loans in every U.S. state in 2024? The interest rates loans can charge vary greatly from state to state.Fourty-five states plus the District of Columbia cap interest rates on at least so

"Excessive interest rates enable lenders to profit from loans. The lender has little incentive to ensure that each borrower can actually afford to repay the loan in full." #ProtectConsumers #StopTheDebtTrap #RentaBank www.consumeraffairs.com/news/what-ar...