Loans at 99% to 251% Interest?!?

Rent-a-bank lender Elevate pays $4 million settlement for violating DC Law

Andy Spears
3 min readFeb 8, 2022

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Photo by Dmitry Demidko on Unsplash

Advocates at the National Consumer Law Center applaud District of Columbia Attorney General Karl Racine’s announcement today that DC has reached a settlement with predatory rent-a-bank lender Elevate that requires it to abide by the District’s interest rate limits and to provide over…

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Andy Spears

Writer and policy advocate living in Nashville, TN —Public Policy Ph.D. — writes on education policy, consumer affairs, and more . . .