Over 120 organizations oppose the Sham Lender bill

Below is a letter of over 120 consumer, civil rights, labor, community and legal services organizations strongly opposing HR 4439- the Shame Lender bill which would allow payday lenders to partner with banks to circumvent state usury laws:

CFPB Payday Rule Survives Legislative Threat, Remains Intact For Now

FOR IMMEDIATE RELEASE CONTACT: Anna Susman, 646-200-5285, anna.susman@berlinrosen.com DATE: May 17, 2018   CFPB Payday Rule Survives Legislative Threat, Remains Intact For Now  Advocates urge consumer bureau to preserve and enforce the rule, protect consumers against payday lending debt trap WASHINGTON, D.C. – Congressional Review Act (CRA) resolutions—S.J. Res 56 and H.J. Res 122—to repeal the Consumer Financial Protection Bureau’s (CFPB or consumer …

Financial Regulators Should Not Sanction High-Cost Unaffordable Loans

For Immediate Release May 14, 2018 Financial Regulators Should Not Sanction High-Cost Unaffordable Loans  As the OCC soon clarifies its position on small dollar loans, it should ensure loans are reasonably priced and based on account holders’ income and expenses WASHINGTON, D.C. – The Center for Responsible Lending, Americans for Financial Reform, National Consumer Law Center (on behalf of its low …