In many cases, simply raising these points in a well-drafted counterclaim prompts creditors to offer substantial concessions during settlement talks rather than risk a trial that could set unfavorable precedent.
What’s Next
Consult a California consumer protection attorney as soon as possible—time limits are strict, and many offer free initial consultations to evaluate your specific situation.
Sources Section
· Trump’s Truth Social Post (January 2026) — Direct announcement calling for 10% cap effective January 20, 2026.
· 10 Percent Credit Card Interest Rate Cap Act (S.381) (Introduced February 4, 2025; pending in Senate Banking Committee) — Temporarily caps rates at 10%; allows debtor challenges and forfeiture of interest on violations.
· De La Torre v. CashCall, Inc. (California Supreme Court, 2018) — Confirmed high interest rates can render consumer loans unconscionable under Financial Code § 22302.
