Stop the Debt Trap Caused by Payday Lending!

By MB -
From our friends at the Center for Responsible Lending

The Consumer Financial Protection Bureau (CFPB) recently released proposed rules that, if strengthened, could rein in the worst abuses of payday and car-title lending. This is a huge opportunity to stop the debt trap, but the CFPB needs to hear from you.
Add your voice now to stop the debt trap!
http://stoppaydaypredators.org/crl/ 

Want to do more to stop payday lending? Call your representative and ask them to pass a clean Financial Services and General Government Bill. You can reach your representative by calling 202.224.3121 and asking to be connected to their office. If you don't know who your Representative is, find out here.

Our friends at the Consumer Financial Protection Bureau (CFPB) put together this script to use when you are connected:

My name is [your name] [from your organization or coalition if you represent another group], and I’m calling to request that you oppose the Fiscal Year 2017 Financial Services and General Government Bill as it includes a number of harmful policy riders that would weaken consumer protections against predatory payday lending and manufactured housing practices. I also urge you to call for, support and pass a clean Financial Services and General Government Bill that that does not expose consumers to unnecessary financial harm.

 Let us know how your calls go in the comments!


Comments

Post a Comment

Popular posts from this blog

Overlooked and Undercounted: Struggling to Make Ends Meet in Pennsylvania

By -
Image
Census data tells us that 13% of Pennsylvania households live in poverty. In reality, even more households don’t have the income they need to reach self-sufficiency. One in four Pennsylvania households – over 846,000 – lack enough income to cover just the necessities. Since 1997, PathWays PA has worked with Dr. Diana Pearce and the University of Washington to calculate  The Self-Sufficiency Standard for Pennsylvania . Over the last 23 years,  The Self-Sufficiency Standard of Pennsylvania  has documented the continuing increase in the real cost of living, illuminating the economic crunch experienced by so many families today. Since 2010, PathWays PA and the University of Washington have also issued three versions of the  Overlooked and Undercounted  report, which looks at the number of households living above and below self-sufficiency. You can now use the interactive materials below to find out what it takes to be self-sufficient in your county. Click here  to read the 2020 O
Read more

Mini-Budget Update-Supporting the American Community Survey

By MB -
Image
(via The Census Project ) Next Tuesday, June 19 is an important date to mark on your calendar. The Congressional Joint Economic Committee is holding a public hearing on the economic impact of eliminating the American Community Survey (ACS) at 2:30 p.m., in Room 210 of the Canon House Office Building. Witnesses that will be speaking in opposition to the move to eliminate the ACS are Vincent Barabba, former director of the Census Bureau in two GOP administrations and Ken Simonson, chief economist for the Association of General Contractors and also representing the National Association of Business Economists. It is very important that we pack the congressional hearing room! If you cannot come, please urge your colleages to come. If you represent a non-DC organization contact your friends in Washington and urge them to attend. Also on Tuesday of next week some of our congressional supporters will be holding a noon press conference in the so-called House Triangle right outside the Cap
Read more

Overlooked and Undercounted in the Media (#media)

By MB -
Image
Below are all of the places we've seen Overlooked and Undercounted in the month of May! If you know of anywhere else, please let us know! You can also listen to the audio from our May 11 Conference Call on our website . May 21, 2009 - New Report Says 1 in 5 PA Families Live in Poverty May 21, 2009 - LTE: Clarifying ‘Overlooked And Undercounted’ Study May 19, 2009 - Caught in a trap: State and federal governments must help working poor May 16, 2009 - Study: Local poverty estimates too conservative May 15, 2009 - Study: Pa. Families Above Poverty Level, But Still Struggling May 12, 2009 - Study: 1 in 5 PA Families Struggling to Make Ends Meet May 12, 2009 - Report: Many PA families struggling May 12, 2009 - PathWays PA Releases New Report on Self-Sufficiency Standard May 12, 2009 - Poverty worse in PA than reported: study May 11, 2009 - 1 in 5 PA Households Can't Make Ends Meet May 11, 2009 - Study: 1 in 5 PA residents can't make ends meet May 11, 2009 - 1 in
Read more