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. Rev. Dr. Frederick Haynes, a Dallas pastor, will be the only witness (that we know of) speaking for individuals who’ve been affected by payday lending.
In response to this hearing, members of Faith for Just Lending sent a letter to the committee. Read that letter in it’s entirety here.
Please share this information with others who are concerned about justice and payday lending.