California Payday Loan Rate Cap: What AB 539 Did and Didn\
California\
Carmen Ortiz
Lending Regulation Editor
Carmen spent twelve years in the Arizona Attorney General's consumer protection division investigating small-dollar lenders, then four years as a senior policy analyst for a national nonprofit working on payday and installment loan reform. She has read more storefront loan agreements than she can count, and has personally walked complainants through the process of filing against a lender that broke state law.
For Payday Loan Compare she covers state-by-state payday loan statutes, rate and fee caps, CFPB rules, Military Lending Act protections, and what to actually do when a lender crosses the line. She writes from Phoenix.
5 articles by Carmen Ortiz
Texas Payday Loan Laws and the Credit Access Business Loophole
Texas payday loan laws cap interest at 10%, but a Credit Access Business fee loophole pushes real APRs past 600%. See the math, your rights, and how to escape.
Military Lending Act 36% Cap: What It Covers and Why Civilians Don\
The Military Lending Act 36 percent cap protects active-duty borrowers from 391% payday APRs. Here\
Florida Payday Loan Laws: Fees, Limits, and the 60-Day Grace Period
Florida payday loan laws cap fees at 10% but a $500 loan still costs 304% APR. See the 60-day grace period rules and the installment loophole most articles miss.
How to File a CFPB Complaint Against a Payday Lender That Actually Gets a Response
How to file a CFPB complaint that actually gets a response: the narrative structure, the parallel filings, and the 15-day clock that pressures payday lenders.