How will Washington’s housing “fix” entrench debt, inflate prices, and undermine the American Dream?
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Report: The Case Against 50-Year Mortgages
Tag: Annual Percentage Rate (APR)
Subsidized debt drives up prices, sucks up wealth, and makes it hard for millennials to buy homes.
The Mortgage Bankers Association’s slow, self-serving defense of the 30-year mortgage proves that lifetime debt, not homeownership, is the product they’re really selling.
Alaska’s Senate Bill 39 (SB 39) proposes a 36% APR cap on consumer loans up to $25,000. The bill aims to regulate financial services, prevent “predatory” lending, and bring state laws in line with federal consumer protection measures. However, while the bill’s intentions may seem noble, its real-world consequences will devastate Alaskan consumers—especially those with […]
Earned Wage Access (EWA) has rapidly gained traction amidst the demand for short-term liquidity, but questions remain about the preservation of borrowers’ financial autonomy.