Join the Communities Against Payday Predators Coalition

Latest News:

• October 8, 2007: Newsweek article: Payday loans can be a trap
• October 1, 2007: NPR Morning Edition: Payday Loan Interest Rates Capped at 36 Percent
• September 27, 2007: Seattle PI article: Binding arbitration a loser for consumer
• Check out our Media Center to read more of the latest updates

Communities Against Payday Predators (CAPP) is a broad team of working families and those who stand up for them, including church leaders, community service providers, local businesses and labor representatives. The CAPP coalition has come together because working families need a fair deal when it comes to payday lending. In Washington State payday lenders don't have to follow the same lending laws that other businesses do, which is why lenders can get away charging over 391% interest to working families in crisis. That's not right.

CAPP is working to cap payday loans at an annual 36% interest rate.

Our legislature is there to stand up for working families and they've worked hard in the past to remove obstacles to working people's success. But ironically, their efforts have also created the Payday Lender Loophole that has allowed predatory payday lenders to feed on the most economically vulnerable families.

Payday lenders are such a problem that the Republican Congress passed a law last fall to protect military families. Now military families will receive a 36% rate cap, protection from the practice of check holding, and they won't be forced into arbitration.

If it's good enough for the military, it's good enough for all our families who earn a paycheck and expect a fair deal and respect from lenders.