Short-term, small-dollar credit supports strong communities. These loans help millions of hardworking Americans manage their finances and deal with periodic and unexpected expenses. New regulations proposed by Obama’s unaccountable CFPB will eliminate this important credit option for consumers, but their need for credit will remain. Without payday and other types of small-dollar loans, consumers will be forced to turn to costlier or less regulated alternatives such as overdraft programs, unregulated loans, or penalty or late fees on bills. More than one million people have already spoken out against these proposed regulations, which will have negative impacts on borrowers, their families, and communities as a whole, but Obama and his unelected Washington DC bureaucrats have ignored these people. President Trump promised to listen to all the people who have been disregarded by Washington politicians and policymakers, so ask President Trump to protect your credit and reject the rule!
Join us in protecting your consumer rights! Sign a letter today and ask President Trump to reject the CFPB’s short-term credit rule.