Sign the petition: stop the payday lending debt trap!

Right now we have a huge opportunity to rein in the worst abusive practices of predatory payday lenders. The Consumer Financial Protection Bureau (CFBP) is considering new rules that could limit payday lenders’ ability to prey on vulnerable consumers.  This is our chance to put corporate lenders on notice and break the cycle of debt that takes money out of our communities and puts it in the pockets of Wall Street.  

Sign the petition below to tell the CFPB to protect families from predatory lenders:

"The Consumer Financial Protection Bureau (CFPB) needs to issue strong protections that reform the payday lending industry by ending its debt traps and abusive terms and requiring basic underwriting of a borrower’s ability to repay a loan. And we need rules that are broad enough to head off industry evasion we've seen time and time again in states where other accountability efforts have been attempted. We are counting on the CFPB to stand up to the predators who say our families and neighbors don't deserve decent, affordable credit with reasonable terms."