May White Paper | APR
AFSA’s May State Government Affairs white paper details how states are increasingly considering “all-in” rate caps that redefine how APR is calculated. These new laws, often modeled after the Military Lending Act’s broader MAPR definition, risk distorting the true cost of credit and confusing borrowers. With potential consequences including reduced credit access and unintended economic fallout, lawmakers must carefully evaluate the effect of such legislation before making sweeping changes.
This and other SGA white papers can be found on the SGA resources section of AFSA’s website.
May 7th, 2025
