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. Erica Williams
    Erica Williams: RT @MOconsumer: Payday-loans are a $30B industry, operating free of federal regulation. The #CFPB, constructed to protect ordinary people —…

  2. Coalition on Human Needs
    Coalition on Human Needs: 🦈 @CFPB wants to give a break to loan sharks. But consumers are those who need protection from predatory lenders, n… https://t.co/C9VEzJe5mX

  3. Coalition on Human Needs
    Coalition on Human Needs: Research shows that payday lenders heavily target communities of color. In CA, PLs are 2.4x more concentrated in… https://t.co/oNJAiuSgKu