Payday News Stories, Week of May 15, 2015

CBF, SBC unite against payday loans By Bob Allen, Baptist News Global May 15, 2015 Ozarks Pastor Taking Families’ ‘Payday Loan’ Struggles to D.C. By Matt Lupoli, OzarksFirst.com May 12, 2015 James River assistant pastor to argue for loan caps y Steve Pokin, News-Leader May 12, 2015 Knoxville leaders await study on payday loan shops By Jeff Mondlock, WBIR May …

Payday News Stories, Week of May 8, 2015

After Payday Lenders Skirt State Regulations, Feds Step In By Liz Farmer, Governing May 4, 2015 CFPB Must Prioritize People Over Payday Lenders By Tony Pierce, American Banker May 5, 2015 Video: On the Military Lending Act Huff Post Show May 5, 2015 Support Our Troops (Against Payday Lenders) By Dean Clancy, US News & World Report May 8, 2015 …

CFPB in Richmond & President Obama in Alabama

On Thursday, March 26th the CFPB went to Richmond, VA, to hold a field hearing and release a first look at its potential plans to regulate payday, installment and car title loans. The draft proposal is broad in scope and holds at its core the importance of an “ability to repay” standard. Count up two big wins for the advocacy …

Thanks & In Case You Missed It!

I wanted to make sure you saw my request yesterday afternoon for Rapid Response tweeting!  (Below) We need you to respond to Representative Hensarling (TX) grilling CFPB director Cordray when he said “I want to know specifically what states you think don’t have adequate regulation for payday lenders that you will pre-empt!” There’s still time today to make sure Representative …

RAPID RESPONSE: Tweets Needed Now

A few minutes ago Director Cordray was questioned by House Financial Services Committee Chair, Rep. Hensarling, about states that have inadequate payday lending regulations. Does your state have inadeqaute PayDay Lending Regulations? If so help us educate Rep. Hensarling and the House Financial Service Committee. Type your state in the sample tweet below (XX) and tweet this message now: @FinancialCmte …

Sample Tweets for Today – March 3, 2015

Just wanted to send one last reminder that today at 2:30pm, CFPB Director Richard Cordray will be testifying before the House Financial Services Committee. You can livestream the hearing online here. The below groups will be LIVE TWEETING the hearing, so be sure to follow them and retweet! AFR: @realbankreform CAP: @moneyjoev PIRG: @edmpirg Public Citizen: @bartnaylor & @chrhines CFA: …

Reminder: Live Tweet The Cordray Hearing Tuesday

Just wanted to make sure this didn’t end up buried in your Friday inbox! 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, …

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 …