True Lender CRA

The NC Coalition for Responsible Lending is proud to partner with organizations across the nation to work toward stronger consumer protections. In the spirit of this, we have co-signed the following letter in support.

On March 22nd, 2021, the NC Coalition for Responsible Lending partners along with over 300 groups, submitted a letter to Congress asking them to use the Congressional Review Act to rescind a 2020 rule promulgated by the Office of Comptroller of the Currency. This rule allowed lenders to charge rates of 179% or higher, evading state interest rate caps, including North Carolina’s.