Payday lenders purposefully trap families in cycles of debt they cannot escape – making it impossible to pay the bills or keep food on the table for their children. Yet our faith traditions are clear: We are to love our neighbors – not exploit their financial vulnerability.
The rules proposed by the CFPB will rein in the worst payday lending abuses. But the payday industry is fighting to keep its unfair and abusive practices going.
By telling the CFPB what you think about payday lending your voice could be the difference that protects the God-given dignity of our families and ends the debt trap once and for all. All of our comments are needed today!