Letter to Congressional Subcommittee

Today, February 11th, the House Subcommittee on Financial Institutions and Consumer Credit will convene a hearing on payday lending regulation entitled “Short-term, Small Dollar Lending: The CFPB’s Assault on Access to Credit and Trampling of State and Tribal Sovereignty.” Most of the witnesses who will testify have close ties to or represent the payday lending industry.…

Churches ready to resume fight against payday lenders

A statewide coalition of religious groups is gearing up in 2016 for another fight for regulatory curbs on high-interest payday and title loans in Alabama. Canterbury United Methodist Church in Mountain Brook will host a two-part social justice series called “Payday and Title Reform in Alabama” to discuss predatory lending practices in Alabama. Read the…