Tag: borrowing rates

Liberals Propose Regulation of Payday Loans With Cap on Borrowing Rates: Budget 2023

The federal government proposing to regulate payday loans by placing a cap on borrowing rates, according to the 2023 budget. Released on March 28, Budget 2023 categorizes lenders who offer loans at “very high interest rates” as “predatory lenders.” As first reported by Blacklock’s Reporter, the budget said these lenders “can take advantage” of low-income…


Americans Fall Behind on Car Payments at Highest Rate Since 2009

More Americans are falling behind on their car payments at the highest rate since the Great Recession over a decade ago. A combination of the Federal Reserve’s interest rate hikes and high inflation has taken a toll on car owners nationwide. A rise in auto repossessions has been sweeping the country, a bad sign for…