Dormant Commerce Clause Explained - TitleMax of Del., Inc. v. Weissman (3rd Cir. 2022)
Rayna Keshavjee, Vice President Overview Pennsylvania anti-usury laws cap interest rates at around 6% for most loans below $50,000.¹ These limits tend to bar people without a high credit score, substantial collateral, or financial stability from borrowing because creditors will not lend them money. To work around this, many Pennsylvania residents have crossed state lines, despite facing extremely high interest rates, in order to borrow money. In this case, citizens of Pennsylvania go to...