$HJOE Supreme Court lets debt collection class-action suit proceed finance.yahoo.com/news/supreme-c… via @YahooFinance The Supreme Court action came at a time of heightened concern over interest rates that borrowers are forced to pay by some lenders. For example, the U.S. agency charged with protecting consumers from financial abuse announced a proposal on June 2 to limit short-term borrowings known as "payday" loans, which can carry annual interest rates as high as 390 percent.