Leaders Call for Comments to Consumer Financial Protection Bureau to Stop The Debt Trap Washington, D.C. – September 27th, U.S. Sen. Elizabeth Warren (D-MA), joined by faith leaders and community activists from around the country, spoke at a tele-town hall about the dangers of payday lending, and why we have an obligation to stop the predatory payday loan debt trap. …
Payday Reform News: August 19-26
August 19, Progressive Pulse, NC POLICY WATCH: Today’s “must read”: How a progressive stance on one issue is saving NC residents more than $450 million per year This blog post summarizes CRL’s research showing that state’s without payday lending save $2.2 billion per year. Evidence from CRL and others shows that borrowers in these states find alternatives that are cheaper, …
Payday Reform News: August 13-19
Highlight: August 17, North Dallas Gazette: Faith Leaders Call for End to Abusive Payday Lending Practices This article summarizes the opinions of faith leaders on the CFPB rule regarding payday. The author mainly focuses on the faith leader’s joint criticism of the rules many loopholes. The author focuses on the 6-loan loophole for the majority of the article, as faith …
Payday Reform News: August 6-12
Highlight of the week: August 11, Christianity Today: The Ordinance – a new documentary film co-produced by Deidox Films and Christianity Today Check out this exclusive free video premiere of how clergy in Texas took on a billion-dollar industry that preyed upon the poor. When the State of Texas did not enact rate cap reform, churches stood up to advance …