Topic
Interest Rate Caps
49 published works
Consumer Finance Monitor
Plaintiffs’ Reply Brief Urges Tenth Circuit to Preserve Preliminary Injunction Against Colorado’s DIDMCA Opt-Out Law
By Alan S. Kaplinsky, Burt M. Rublin
As we have previously reported, the en banc Tenth Circuit is considering National Association of Industrial Bankers v. Weiser, the closely watched case involving Colorado’s effort to use Section 525…
Consumer Finance Monitor
Oregon Legislature Reintroduces DIDMCA OPT-OUT LEGISLATION– H.B. 4116
By Pilar French, Alan S. Kaplinsky, Burt M. Rublin, Ronald K. Vaske, Ballard CFS Group
In the wake of the Tenth Circuit’s decision in National Association of Industrial Bankers v. Weiser, 159 F.4th 694 (10th Cir. 2025), Oregon legislators have once again introduced legislation that…
Consumer Finance Monitor
Senator Warren Presses CFPB Acting Director Over Credit Card Fees and Agency Retrenchment
By Alan S. Kaplinsky, Ronald K. Vaske
Senator Elizabeth Warren has sent a sharply worded letter to CFPB Acting Director Russell Vought that crystallizes an unusual moment in consumer financial services regulation: a populist-sounding call from President…
Consumer Finance Monitor
Colorado Files Opposition to Plaintiffs’ Rehearing Petition in Opt-Out Litigation
By Burt M. Rublin, Alan S. Kaplinsky
As we reported previously, a petition for rehearing en banc was filed by the plaintiff bank trade associations in National Association of Industrial Bankers v. Weiser. In that case, the…
Consumer Finance Monitor
Trump announces support for legislation to cap credit card interest rates at 10% per annum for one year
We recently blogged about President Trump’s Truth Social post in which he announced his intent to impose a 10% per annum interest rate cap on credit cards for one year…
Consumer Finance Monitor
National Association of Industrial Bankers v. Weiser: Implications of the Tenth Circuit’s ruling that Colorado interest rate limits apply to loans made by state banks located outside Colorado– Join Our Webinar (see link below)
By Alan S. Kaplinsky, Burt M. Rublin, Ronald K. Vaske, John L. Culhane, Jr., Joseph J. Schuster
On November 10, 2025, the U.S. Court of Appeals for the Tenth Circuit, in a 2–1 decision, issued its opinion in National Association of Industrial Bankers et al. v. Weiser. …
Consumer Finance and Fintech Blog
Tenth Circuit Allows Colorado to Enforce its Interest Rate Caps on Out-of-State Banks
By A.J. Dhaliwal, Mehul Madia, Maxwell Earp-Thomas
In a significant decision for bank partnership arrangements, the United States Court of Appeals held that Colorado may apply its state interest rate caps to loans made by out-of-state banks…
Consumer Finance and Fintech Blog
DFPI Orders Lender to Pay $1 Million for Alleged Violations of the Fair Access to Credit Act
By A.J. Dhaliwal, Mehul Madia, Maxwell Earp-Thomas
On October 17, 2025, the California Department of Financial Protection and Innovation (DFPI) entered a consent order with a licensed consumer lender, alleging violations of the Fair Access to Credit…
Consumer Finance Monitor
NCUA Board Votes to Maintain 18% Interest Rate Ceiling on Most Loans
By Ronald K. Vaske, Kaley Schafer, Loran Kilson
The NCUA board on July 18 voted to maintain its interest rate ceiling on most loans at 18% from Sept. 11, 2024 through March 10, 2026. The only exception to…
Consumer Financial Services Law Monitor
Florida Consumer Finance Act Amendments Take Effect
By Jason Cover, Mark Furletti, Joseph Reilly, Caleb Rosenberg, Taylor Gess
On July 1, amendments to Florida's Consumer Finance Act took effect. Among other things, the amendments raise the maximum tiered interest rates on consumer finance loans, increase the grace period…