Protecting Consumers from Unreasonable Credit Rates Act of 2008 - Amends the Truth in Lending Act to prohibit a creditor from making an extension of credit to a consumer with respect to which the annual percentage credit rate (APR) exceeds 36%.
Includes within such APR all charges payable directly or indirectly incident to, ancillary to, or as a condition of the extension of credit.
States that any payment in violation of this Act is null, void, and unenforceable.
Prescribes civil and criminal penalties for violations of this Act. Empowers states' Attorneys General to enforce it.
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