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 …
The American Legion calls on Congress and the CFPB to preserve the Payday Rule
The American Legion submitted the following letter to Congress in support of the Payday Rule:
Payday Loan Reform News – April 20
A payday lender is accused of stealing millions from customers. Trump’s CFPB is now letting them off the hook. April 20, Vox In the agency’s first report to Congress since Mick Mulvaney took the helm in November, the CFPB said it is dropping sanctions against NDG Financial Corp, a group of 21 businesses that the agency, under President Obama, …
Payday Lenders hobnob at Trump Florida golf resort
FOR IMMEDIATE RELEASE: April 19, 2018 CONTACT: Cara Newlon, CRL@berlinrosen.com , 703 899 3206 Payday Lenders Rip Off Our Families and Corrupt Our Politics Opponents fight predatory lending, in the air and on the ground Industry executives hobnob at Trump’s Florida golf resort Doral, Florida –A diverse group of opponents of predatory payday lending, a form of short-term debt …
Latino Victory, Florida Immigrant Coalition Protest Payday Lender Conference at Trump Resort
For Immediate Release April 18, 2018 Contact: Monica Garcia | monica.garcia@latinovictory.us | 312-860-8860 Latino Victory, Progressive Groups Protest Payday Lender Conference at Trump Resort Organizations say conference location is no coincidence after Mulvaney drops lawsuit and delays rules that would rein in predatory lending Miami, Fl – Latino Victory Project, New Florida Majority, and the Florida Immigrant Coalition today protested predatory payday lenders outside Trump National Doral Miami, …
Faith Leaders, Dr. Julianne Malveaux Protest Payday Lenders’ Conference at Trump Miami Resort
Contact: Rachel Gunter-Shapard, rachelguntershapard@gmail.com For Immediate Release April 18, 2018 *PHOTOS AVAILABLE* Faith Leaders, Dr. Julianne Malveaux Protest Payday Lenders’ Conference at Trump Miami Resort Trump Golf Resort Welcomes Lenders Who Trap People in 300% Interest Loans MIAMI, FLA. – Even as they are suing the Consumer Financial Protection Bureau (CFPB) to try to stop a rule that would disrupt …
Congressman Beyer, Consumer Advocates Denounce CFPB ‘Head’ Mulvaney for Supporting Predatory Payday Loans
Congressman Beyer, Consumer Advocates Denounce CFPB ‘Head’ Mulvaney for Supporting Predatory Payday Loans Outside the CFPB today, consumer advocates posing as loan sharks “celebrated” Mulvaney, and then held a press conference with Congressman Don Beyer (D-Alexandria, Va.) to denounce Mulvaney’s anti-consumer actions. Watch the video. Standing Outside the CFPB, Group Calls for an End to Mulvaney Era of Taking “Wrecking …