Across the country, payday and car-title lenders extract billions of dollars a year from people who are struggling to get by. They do it with deceptive, triple-digit-interest loans that trap people in a cycle of debt.
Now, at long last, there’s a chance to do something decisive about this problem. The Consumer Financial Protection Bureau (CFPB), the agency conceived by Senator Elizabeth Warren and brought into being by the Dodd-Frank financial reform law, is preparing to regulate payday, car title and other high-cost consumer loans. But we need members of Congress to voice their support.
The payday lenders and their allies are going all-out to stop the CFPB from taking effective action, and, sadly, some lawmakers are trying to put roadblocks in the Bureau’s path. That’s why it’s essential for the Bureau to hear from our side.
Sincerely,
Gynnie Robnett
Americans for Financial Reform
Americans for Financial Reform
Sent by Americans for Financial Reform
1629 K Street NW, 10th Floor, Washington, DC 20006 - (202) 466-1885
1629 K Street NW, 10th Floor, Washington, DC 20006 - (202) 466-1885
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