William L. Clay: “With the APR on small dollar loans in Missouri averaging 454 percent…”

On the recordFebruary 10, 2016

With the APR on small dollar loans in Missouri averaging 454 percent, thousands of vulnerable Missourians continue to fall victim to costly small dollar loans.

Said by

William L. Clay

Source

congress.gov

Editor's note · Context

Clay highlights the high APR rates on small loans affecting Missourians.

Share on X Share on Facebook Email this quote

More from William L. Clay

Mar 3, 2020

I can say with great confidence that everyone in this room agrees that discrimination in all of its forms is abhorrent.

congress.gov

Mar 3, 2020

Removing credit scores in assessment of risk will not resolve Michigan's self-imposed affordability problems.

congress.gov

Feb 4, 2020

I am working on legislation now to address evictions and stop homelessness.

congress.gov

Feb 4, 2020

What happens next year, no more RAD, no more public housing? Section 8 wait list all over the country, what happens?

congress.gov

View all William L. Clay quotes

William L. Clay: “With the APR on small dollar loans in Missouri averaging 454 percent, thousands of vulnerable Missourians continue to…”

Editor's note · Context