Tag Archives: predatory lending

Report Shows Payday, Car Title Lenders Moving Into Unsafe Installment Loans

Posted at http://www.responsiblelending.org/media/report-shows-payday-car-title-lenders-moving-unsafe-installment-loans Thursday, October 1, 2015 Diane Standaert Auto Loans/Payday Loans A new policy brief released today by the Center for Responsible Lending provides a state-by-state snapshot showing predatory payday and car title lenders increasingly moving into installment loans. The … Continue reading

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Payday Lending is Back… Contact Sen. Sean Wiley (Banking & Insurance Committee)

From the Community Action Association of Pennsylvania (http://www.thecaap.org): Draft legislation is being circulated in Harrisburg called the “Financial Services Credit Ladder” that would allow high cost installment loans to be made in PA, like those seen in California. This time, the … Continue reading

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The Wealth Strippers Are Back!!!

Posted at http://thirdandstate.org/2015/november/wealth-strippers-are-back Nov 25, 2015 03:02 pm | Mark Price Bet that title got your attention! This is of course a policy blog so wealth stripping refers to financial services offered to working families which, thanks to high fees … Continue reading

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Share Your Congregation’s Experience with Predatory Lending

From the PICO National Network (http://www.piconetwork.org): Recently, the PICO National Network has joined with several others in the Faith for Just Lending Coalition to address the problem of predatory lending – high-cost payday and car title lenders that often cluster … Continue reading

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Urge the Consumer Financial Protection Bureau to Stop Predatory Lending

From the National Council of La Raza (http://www.nclr.org/): Often when many Latinos and other consumers are in a financial bind, their only access to credit is through payday loan services. Unfortunately, too many borrowers find themselves in long-term debt after … Continue reading

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Urge Congress to Prioritize People over Payday Lenders

As you may know, the Consumer Financial Protection Bureau (CFPB) has released a preliminary proposal to address abusive payday and car title lending practices. If done correctly and without loopholes, the future CFPB rules could be a huge step forward in … Continue reading

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Urge Your State Legislators to Keep Predatory Payday Loans Out of PA

While there is no bill filed yet this session, out-of-state payday lenders are working hard in Harrisburg to build support for legalizing predatory payday loans. We need your help to protect Pennsylvania’s existing strong laws against predatory lending. Send a … Continue reading

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Payday Loans Target the Poor, At-Risk–Take Action

From United Methodist Advocacy PA (http://www.umadvocacypa.org): Act now to prevent predatory payday loans from coming to Pennsylvania. Payday loan lobbyists have worked over the summer to convince state senators that the predatory, high-interest loans are good for Pennsylvania. They want … Continue reading

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Still Time to Take Action Against Predatory Pay Day Lending

From PathWays PA (http://www.pathwayspa.org): Last week the State House passed HB 2191 (http://www.legis.state.pa.us/cfdocs/billinfo/billinfo.cfm?syear=2011&sind=0&body=H&type=B&BN=2191), a bill that legalizes predatory payday loans in Pennsylvania. While the bill moves forward there are still ways you can take action to stop this legislation: Contact … Continue reading

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Take Action to Stop Predatory Lending

The National Community Tax Coalition (NCTC at http://action.tax-coalition.org/) is asking for help in opposing H.R. 1214 (http://www.govtrack.us/congress/bill.xpd?bill=h111-1214). This is a bill that will effectively legitimize predatory lending by capping interest rates at 391%, undermine current reform efforts in states around the … Continue reading

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