Editor’s note: The CFPB, a federal agency, has proposed new rules for payday, car title, and high-cost installment lenders.
BUT, they need to hear from consumers- that means you! We have an easy-to-use page where you can weigh in- it only takes a minute and will help bring about important consumer protections with these loans. Please share a line or two in the comments box about why you care about this issue and want to see strong federal reforms.
Have you ever used a payday, car title, or other high-cost consumer loan?
Have you heard the news?
A federal agency, the Consumer Financial Protection Bureau, is designing new rules to better regulate companies who make car title, payday loan, and other high-cost consumer loans.
CRC’s executive director, Paulina Gonzalez, testified at the CFPB hearing where the proposed rules were announced.
This hearing was only the first step, and the industry is already fighting back against common-sense protections.
If you have used one of these loans in the past, consider sharing your story with CRC as we advocate for common-sense consumer protections in the new rules.
Take a look and share your story: Share Your Story to Ensure Strong Consumer Protections.