From Americans for Financial Reform (https://ourfinancialsecurity.org/): Tell Your Representative to Sign On to Letter Urging CFPB to Rescind Harmful Payday Rule Proposal that Harms Consumers Earlier this year, the Consumer Financial Protection Bureau announced it would rescind the ability-to-repay standard … Continued
Posted at https://www.chn.org/2018/02/13/17926/#.WoXAaoPwYdU NOTE: The House passed HR 3299 this week. This article will help you to understand how this bill would repeal the Obama rule to curtail predatory lending. Watch for what you can do to try to stop … Continued
The highly anticipated rules might spur lenders to lobby states to loosen their own laws. BY LIZ FARMER | SEPTEMBER 27, 2017 Sweeping new federal rules aimed at curbing payday loans are to be released in the coming days. But backers of the … Continued
From the Community Action Association of Pennsylvania (http://www.thecaap.org): In the past few weeks, since CAAP announced that Senator Yudichak had filed S.B.1379 which would weaken Pennsylvania’s strong predatory lender laws, many of our newsletter readers have asked for more details … Continued
From Americans for Financial Reform (http://ourfinancialsecurity.org/): Click the image above to read/download the “Caught in the Debt Trap” report. “Caught in the Debt Trap” provides a snapshot of the effect payday and title loans have had on the lives of … Continued
September is here and students are headed back to school. Tis the season for getting the kids new school clothes. Maybe even a sports jersey or two and don’t forget notebooks, binders and backpacks. And for students heading off to … Continued
Posted at http://www.chn.org/2016/08/17/stop-debt-trap/#.V7So5fkrIdU By Lecia Imbery August 17, 2016 The statistics around payday and car title loans are scary: The loans come with interest rates of 300-400 percent on average. The average payday loan customer who borrows $400 for a loan … Continued