News Intro Text
Tell the CFPB why a strong rule is important to you....
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<p><strong>THE PROBLEM</strong></p>
<p>Payday lenders purposefully ensnare people in debt they can’t escape. These legalized loan sharks collect 75 percent of their fees from people stuck in more than 10 loans a year by charging 300 percent APR. <strong>It’s a debt trap.</strong></p>
<p><strong>THE SOLUTION</strong></p>
<p>We can rein in the worst payday lending abuses with a proposed rule from the Consumer Financial Protection Bureau. Payday lenders are fighting to keep their unfair and abusive practices going. <strong>It’s up to us to make sure the CFPB hears loud and clear that we need to stop the debt trap once and for all.</strong></p>
<p><a href="http://stoppaydaypredators.org/crl/"><strong>TAKE ACTION>></strong></a></p>
<p>Payday lenders purposefully ensnare people in debt they can’t escape. These legalized loan sharks collect 75 percent of their fees from people stuck in more than 10 loans a year by charging 300 percent APR. <strong>It’s a debt trap.</strong></p>
<p><strong>THE SOLUTION</strong></p>
<p>We can rein in the worst payday lending abuses with a proposed rule from the Consumer Financial Protection Bureau. Payday lenders are fighting to keep their unfair and abusive practices going. <strong>It’s up to us to make sure the CFPB hears loud and clear that we need to stop the debt trap once and for all.</strong></p>
<p><a href="http://stoppaydaypredators.org/crl/"><strong>TAKE ACTION>></strong></a></p>