Faith for only Lendinga coalition to end predatory lending that is payday
The Honorable Richard CordrayDirectorConsumer Financial Protection Bureau1275 Very Very Very First Street NEWashington, D.C. 20020
Dear Director Cordray:
We compose as a diverse, diverse and non-partisan selection of spiritual leaders, professionals, and service that is social that are working together to finish your debt trap caused by predatory pay day loans. Many thanks for your engagement with and attention to faith communities. Our company is grateful which our input and perspective happens to be welcomed because of the CFPB.
Our company is motivated to know that the bureau is within the last phases of drafting a lending rule that is payday. While our coalition includes lots of theological and governmental beliefs with differing views in the CFPB as a company, we’re united within our concern for the next-door next-door next-door neighbors influenced by debt-trap loans as well as in our hope that the forthcoming guideline will have an optimistic effect on their everyday lives. Quite a few companies were current during the meeting with senior White home staff on 14 april. We want to just just take this possibility to reiterate several of our key points made that day.
In line with the outline released final 12 months, we have been happy that the bureau is crafting a guideline that will protect an extensive number of items. Ler mais