What is Payday Lending?

Payday loans typically carry over 300% annual interest, creating a cycle of debt for borrowers.

 

Take Action

Tell the CFPB not to touch the ability-to-repay rule, a move threatening protections for all consumers.

#StopTheDebtTrap

  1. Alycia Gawthorne
    Alycia Gawthorne: RT @sandylea: Payday lenders & Consumer Lease companies pay lip service to responsible lending laws, their vulnerable clients pay exorbitan…

  2. Consumer Action
    Consumer Action: RT @sandylea: Payday lenders & Consumer Lease companies pay lip service to responsible lending laws, their vulnerable clients pay exorbitan…

  3. Julie Barrow
    Julie Barrow: RT @FCAupdate: Financial counsellors, consumer lawyers and advocates are calling on @ScottMorrisonMP & @JoshFrydenberg to #StopTheDebtTrap.…