We've had enough of payday, car title, and installment loan sharks in our neighborhoods! Tell the Consumer Financial Protection Bureau (CFPB) to issue rules that will truly put an end to the debt trap and stop predatory loan sharks from attacking our families. Don’t let any of these Sharks off the hook! Add your name and story to the call for the CFPB to go broad and strong in its upcoming rulemaking.
Dear Director Cordray:
We thank you for taking on the task of regulating the small dollar loan industry. American families need you to get it right. We urge you to go broad and strong in your rulemaking. That means rules that require verification of every borrower’s ability to repay, in addition to loan safeguards that end the debt trap. It means rules that are strong for the entire industry, from storefront to online, from car title to installment lending.
We call on you to protect families and communities against abusive consumer lending.
Note: This petition is sponsored by National People's Action, Americans for Financial Reform, and Rootstrikers. By signing you may receive emails from one or more of these organizations updating you about this and other important campaigns. You may, of course, unsubscribe at any time.