Payday Campaign Update: March 2, 2015

New Poll: Strong Bipartisan Support for Reigning In Abusive Payday Lenders According to a new, bipartisan national poll sponsored by the Center for Responsible Lending, huge majorities across party lines hold unfavorable views of payday lenders, and support regulations to keep payday and car title lenders from making dangerous loans. Voters across the political spectrum are deeply concerned about a …

LIVE TWEET TO #DefendCFPB

Next Tuesday, March 3rd at 2:30pm, Director Cordray will be testifying before the House Financial Services Committee for the semi-annual review of the CFPB. The CFPB is on the front lines of the payday issue and with the payday rule coming in the next few weeks, it’s more important than ever we show our support for the good work of …

Campaign Highlight: Toxic Loans Day of Action

ADVOCATES IN 10 STATE CALL OUT TOXIC LOANS IN DAY OF ACTION Last week, allies and advocates in 10 states held events outside payday and title loan storefronts, calling out predatory lenders who make more than $10 billion in fees each year by trapping an estimated 12 million consumers in a cycle of debt with annual interest rates near 400 …

Sign On: Tell Congress to Stand Up to Wall Street

A quick note to say thank you for your continued support to stop abusive payday loans. And, to urge your organization to sign onto a letter in support of the Consumer Financial Protection Bureau (CFPB). Link here Also pasted in below: Please take a minute to read the letter and to sign on if you can! Sign on by Friday …

TWEET PAYDAY for the State of the Union

HI ALL! Are you watching the State of the Union tonight? We are, and we hope to hear a strong message from the President on a stable and secure economic future for Americans. Of course, one big factor for families across the country is the crippling effect of predatory lenders. Throughout the night the White House will be taking questions …

Stop the Payday Loan Debt Trap Update – Jan. 20

PAYDAY MESSAGES TO DIRECTOR CORDRAY UNDERWAY! Below are the first appeals in a series of messages we will be sending to the Consumer Financial Protection Bureau (CFPB). These messages are great – coming from activists and advocates around the country and calling for strong regulation of payday, auto title and installment lenders. The CFPB is on the front lines of …

Payday Messages to Cordray Underway!

Hello! See below the first appeal in a series of messages we will be sending to the Consumer Financial Protection Bureau (CFPB). These messages are great – coming from activists and advocates around the country and calling for strong regulation of payday, auto title and installment lenders. The CFPB is on the front lines of Payday Lending Reform and we …

Stop the Debt Trap, Holiday Update – Dec. 22

This time of year, the windows of payday lenders scream things like “Easy Christmas Cash”. The truth is, it’s not easy. Many Payday Lenders use advertising like this to deceive consumers into starting a cycle of debt that will last long after the Holiday Season. With loans averaging 391% annual interest, the average borrower is indebted for more than half …

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 …