Jewish Community Comment to CFPB Regarding Predatory Payday Lending Rule

Jewish Community Comment to CFPB Regarding Predatory Payday Lending Rule

Workplace associated with Executive Secretary

Customer Financial Protection Bureau

We, the undersigned Jewish organizations, distribute this comment in strong help associated with customer Financial Protection Bureau’s proposed rule managing payday and automobile name loans. We also urge the title loans Tennessee CFPB to bolster this rule by producing product that is clear criteria for payday advances and eliminating one other staying loopholes making it feasible for loan providers to guide their clients into unsustainable rounds of financial obligation. Jewish tradition inspires us to talk with this problem, also to help create a culture where financing is used as one step toward possibility, in place of as a stumbling block. Continue reading “Jewish Community Comment to CFPB Regarding Predatory Payday Lending Rule”