Payday Loan Reform News September 2017

Highlight Payday Lenders Win Special Protections from Congress September 15, PaymentsJournal Faced with the opportunity to protect Americans from payday lenders and their 400 percent interest rate loans, a majority in the U.S. House of Representatives instead chose to side with America’s legalized loan sharks and give them special protections for their dangerous products.   Top Stories Consumer advocates urge …

Payday Lenders Win Special Protections from Congress

Supporters of loan sharking swarm in the House For immediate release: September 14, 2017                       Contact: Caren Benjamin, 202-257-9209 WASHINGTON — Faced with the opportunity to protect Americans from payday lenders and their 400 percent interest rate loans, a majority in the U.S. House of Representatives instead chose to side with America’s legalized loan sharks and give them special protections for …