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Lawsuit could undo Oregon’s ban on excessive out-of-state interest rates

  • Mia Maldonado

A judge could rule this fall blocking one of Oregon Democrats’ main affordability efforts aimed at preventing predatory lenders from exploiting a loophole in federal law.  Oregon has an interest rate cap of 36%, but since 2020, lenders have issued more than 31,000 loans totaling at least $61 million with interest rates exceeding that cap, […]