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
Take Action by May 15th The CFPB is trying to gut a rule that protects consumers from predatory payday and auto lenders. In October 2017, the Consumer Financial Protection Bureau (CFPB) issued a final national rule that requires lenders to … Continued
Wall Street’s Washington cronies are trying to out-do themselves with their latest legislative proposal. Rep. Jeb Hensarling (R-Texas) has introduced a bill that would eviscerate critical financial regulations designed to restore balance to our rigged financial system. That bill, the … Continued
A vote on the payday lending bill has been postponed for the time being after advocates quickly got out the word on how harmful it would be to legalize high-cost predatory loans through HB 2429. As predicted, the payday lenders … Continued
Posted at https://www.chn.org/2018/05/18/consumer-protections-payday-lenders-survive-now/#.Wv7e7-4vwdU By David Elliot May 18, 2018 The Trump Administration, payday lenders, and their allies in Congress have been working for some time now to roll back protections designed by the Consumer Financial Protection Bureau (CFPB) to restrict the … Continued
This week, the House is expected to swiftly vote on the “Economic Growth, Regulatory Relief and Consumer Protection Act,” the harmful banking bill that was recently passed in the Senate. If passed in its current form in the House and signed into … 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
From Prosperity Now (https://prosperitynow.org/): TAKE ACTION: The House of Representatives is poised to open a huge loophole in state interest rate caps and the right of state voters to enact rate caps, effectively giving the green light to payday lenders … Continued
Please note quote by Rev. Sandy Strauss of the Council below. Vow to Remain Vigilant in Preserving PA’s Existing Protections Against Predatory Lending HARRISBURG – Today, the Consumer Financial Protection Bureau (CFPB) issued federal regulations to protect borrowers from the … Continued
Right now, urgent action needs to be taken. While the eyes of the world are focused on today’s Comey hearing, the US House is expected to vote on the Financial CHOICE Act (HR 10). Please call your Congressman this morning … Continued