Demand neighborhood Payday Lender Support Common Sense Rules through the customer Financial Protection Bureau to turn off Payday and vehicle Title Loan Debt Trap

Milwaukee: a lot more than 100 activists from 25 states converged Monday on Speedy Loan, a payday lender in Milwaukee, to ask Speedy Loan Corp. owner and president Kevin Dabney to avoid trapping families in 500-percent-interest, debt-trap loans.

Monday’s action comes midway through the 90-day general general general public remark duration for a proposition to issue the first-ever nationwide guidelines by the customer Financial Protection Bureau (CFPB) to manage the payday and automobile name industry that is lending. (more…)

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