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payday lending
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Daily News, Op-Ed: Cage the Sharks Circling Consumers
Daily News — Last Friday, hours before signing an executive order that put the Dodd-Frank financial reform law on the chopping block, President Trump name-checked Chase CEO Jamie Dimon. “There’s nobody better to tell me about Dodd-Frank than Jamie,” he said. Translation: there’s no one better than Dimon to help gut Dodd-Frank.
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Payday Lending-Free States Cry Foul over OCC “Fintech” Charter
The PaydayFreeLandia coalition, representing 15 states , plus the District of Columbia, demanded today that the Office of the Comptroller of the Currency (OCC) back off a dangerous plan that would gut their states’ strong consumer protection laws.
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City Limits: Local Pols, Advocates Plead With Feds to Strengthen Payday Lending Rules
City Limits — A coalition of seven New York state senators, four assemblymembers, one borough president, 25 councilmembers, a city agency and dozens of community groups, advocacy organizations and unions is pushing federal consumer watchdogs to create stronger rules governing payday loans — or at least not create regulations that undermine New York State’s strong…
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New York Groups and Elected Officials Call on CFPB to End Payday Loan Debt Traps
Prominent New York City and State elected officials joined with labor, grassroots, civil rights, faith-based and legal services groups, as well as community development financial institutions, to send a strongly-worded letter on Friday to Consumer Financial Protection Bureau Director, Richard Cordray, calling on the federal watchdog agency to crack down on predatory payday lending.
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New Economy Project comment letter to CFPB on proposed payday lending rule
We urge the CFPB to issue a strong final rule that, once and for all, stops payday and other high cost lenders from ensnaring people and their families in a debt trap. With its ever-growing wealth and income gaps, our country cannot afford to suffer the disastrous effects of a too-moderate rule that would allow…
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PaydayFreeLandia Calls on CFPB to Issue Strong Payday Lending Rule and End the Payday Loan Debt Trap
Members of the PaydayFreeLandia coalition sent strongly-worded letters today to Consumer Financial Protection Bureau Director Richard Cordray, calling on the federal consumer watchdog agency to crack down on predatory payday lending.
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New York comment letter to CFPB on proposed payday lending rule
We, the 131 signatories to this letter, represent a diverse cross-section of elected officials, government, labor, grassroots organizing, civil rights, legal services, faith-based and other community organizations, as well as community development financial institutions. We respectfully request that the CFPB count this letter as 131 comments.
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PaydayFreeLandia comment to CFPB on proposed payday lending rule
Organizations based in the 14 states, plus the District of Columbia, where payday lending is prohibited by state law, urge the CFPB to issue a final rule that will bolster states’ efforts to enforce their usury and other consumer protection laws against payday lenders, debt collectors, and other actors that seek to make, collect, or…
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The Washington Post, Op-Ed: Here’s What Happens When Payday Loans are Banned
The Washington Post — Imagine a land with no payday loans. Flashing neon signs advertising “Fast Cash” no longer dot the landscape in low-income neighborhoods and communities of color, and nary a lender is permitted to extract interest rates of 400 percent and up.
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(Archive) HELP DEFEAT CHECK CASHER BILL & KEEP PREDATORY LENDING OUT OF NY
A dangerous bill that would allow New York check cashers to make loans is moving quickly in the NYS legislature. Please take a few minutes today to voice your opposition to Senate bill 6985-A (Savino)/Assembly bill 9634-A (Rodriguez).