Subject Material Professionals

Rachel Gittleman

Financial Solutions and Membership Outreach Manager

Many Recent Press Releases

• Brand Brand Brand New Federal Rule Will Embolden Predatory Lenders and Eviscerate State Rate Of Interest Caps
• Proposed Federal Banking Rule Would Unleash Predatory Lending In Most 50 States
• Solicitors General in Ca, nyc, and Illinois Challenge OCC Rule that allows Evasion of State Interest Rate Caps

Most Recent Testimony and Responses

• Groups Urge Changes towards the CDFI Certification Needs
• Groups Urge CFPB to Abandon A proposed reorganization which Would keep Consumers susceptible and Defenseless
• Groups Urge Significant Changes be manufactured into the CDFI Fund Small Dollar Loan Program

Payday Lenders Shred Customer Protection Internet

Washington, D.C. – Payday loan providers not merely have a bite away from customers’ pocket publications with loans that cost 470% yearly interest and they are due in complete payday. Payday loan providers are shredding the buyer security safety net supposed to protect needy borrowers that have no bargaining energy into the predatory loan market that is small.

Payday loan providers took a bite away from state rate of interest and protections that are usury lobbying for safe harbor legislation in 27 states. Read more →