Join the Alliance to Prevent Predatory Lending

The APPL coalition exists in order to endorse the passage of fair and reasonable consumer protections on predatory lending that will reduce poverty and create safer and stronger communities in Washington State.

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Latest News:

New Payday Lending law now in effect!

New bills have just been passed to help stop the cycle of high-cost, long-term debt by giving you more options and time to repay your payday loans.  It is estimated that this new law could save Washingtonians $100 million dollars a year in fees. Read more about the new law here.

Background information:

Payday lenders typically charge more than 390% interest (APR), taking fees out of the pockets of working families to the tune of almost $200 million annually in our state. These loans are designed with terms borrowers usually cannot meet, forcing them into high-cost, long-term debt. An average payday loan borrower repays $827 to borrow $339.

Nearly one-third of states now protect consumers by limiting allowable interest rates to 36 percent or less. Nationally, Congress capped the annual percentage rate at 36% to protect all military families. At a time when working families need every penny to help meet their basic needs, Washington borrowers need access to small-dollar loans they can successfully repay. A reasonable loan product without excessive interest rates will help people through tough economic times. Washington lawmakers should extend the 36% interest rate cap to protect all families.