Daily Archives: May 25, 2021

Faith for Just Lending Asks Congress to Support the Veterans and Consumers Fair Credit Act

May 21, 2021 United States Senate Washington, DC 20515 Dear Senators, Each year, many households face financial crises. Over the last several decades, high-cost lending to those in need has increased significantly. Nearly 16,000 payday and car title loan stores operate nationwide. Taking advantage of loopholes and a weakening of traditional usury laws, many of…

PRESS RELEASE: Faith Leaders Applaud the U.S. Senate for Voting to Overturn OCC’s Harmful Rule Enabling Predatory Lending

FOR IMMEDIATE RELEASE May 12, 2021 Press Contact: Katie Thompson katie.thompson@cpjustice.org 908-472-8820 Faith Leaders Applaud the U.S. Senate for Voting to Overturn OCC’s Harmful Rule Enabling Predatory Lending WASHINGTON, D.C. – Last night, the U.S. Senate voted 52-47 to overturn a rule put forth by the Office of the Comptroller of the Currency (OCC) that overrides state usury laws,…