Stop the Debt Trap Update – Dec. 12

SHAY FARLEY from ALABAMA APPLESEED Last week, a rare occasion presented itself and I joined AFR and consumer advocates from 8 other states (AL, AZ, MD, NC, NJ, NY, OH, TX, and VA) in meeting with the CFPB Director, Richard Cordray, and 20+ Bureau staff members. Our discussion primarily focused on the highly-anticipated CFPB payday loan rule. As we state …

Stop the Debt Trap Update – Nov. 26

UPDATE: Last week the Faith and Credit Roundtable hosted a 3 day Conference and Advocacy Days, bringing over 80 faith leaders from 22 states to Washington, DC. The group came together to launch a faith initiative to support strong action on payday lending by the Consumer Financial Protection Bureau (CFPB). On the final day of the conference, attendees participated in …