Defend Oregon's 36% Interest Rate Cap Against Industry Lawsuit

When families can't access affordable credit, they turn to lenders who trap them in cycles of debt that drain money from Oregon communities into out-of-state corporate coffers.

A letter to your state legislators. Facts checked August 7, 2026.

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The Letter

Subject Stand firm on HB 4116 — Oregon families need this protection

Oregon families are already stretched thin. When someone needs to borrow money to cover a car repair or a medical bill, they shouldn't have to dig their way out of a 300% interest rate trap. That's exactly what our state's 36% interest rate cap was designed to prevent — and it's working. But now three out-of-state lending industry groups are suing in federal court to kill it. They want the right to come into Oregon and charge rates that most of us would call loan sharking. If they win, working families here could lose the only real protection they have against the kind of debt that never goes away.

Oregon passed HB 4116 this year because we saw what predatory lenders do to communities. People take out a small loan and end up paying back three or four times what they borrowed. That money doesn't stay in Oregon — it flows out to lenders who don't live here, don't pay taxes here, and don't care what happens to our neighbors. Our legislature made the right call. Now the industry is trying to use the courts to override what our elected representatives decided. I'm asking you to make clear that Oregon will stand behind this law. Speak publicly in support of defending HB 4116, and push for state resources to fight this lawsuit. Our families can't afford to lose this.

Please publicly commit to defending Oregon's 36% interest rate cap so working families aren't handed back to predatory lenders.

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Hi, my name is [NAME] and I'm a constituent calling from [CITY]. I'm calling about the federal lawsuit trying to strike down Oregon's interest rate cap law, HB 4116.
Oregon passed this law to protect families from out-of-state lenders charging sky-high interest rates — we're talking rates that trap people in debt they can never get out from under.
Three lending industry groups filed this lawsuit, and if they win, those protections are gone. I want to know that my representative is publicly standing behind this law and supporting the state's defense of it.
Will the representative speak out in support of defending HB 4116 and make sure Oregon fights this lawsuit? This matters to me and I vote.

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