Short-term, small-dollar credit supports strong communities. These loans help millions of Americans manage their finances and deal with periodic and unexpected expenses. New regulations proposed by the Consumer Financial Protection Bureau (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. The loss of access to credit will have a negative impact on borrowers, their families, and their communities as a whole. Speak out against these new regulations today before they become final. Tell the CFPB: "Don't rule me out. Don't take my credit away."
Join us in protecting consumer rights! Sign a letter today and tell the Consumer Financial Protection Bureau how important short-term, small-dollar credit is to you and your family.