This joint page to Congress finalized by leading customer advocacy teams describes the harm from payday loans online, an increasing opportunity for costly lending that is payday.

This joint page to Congress finalized by leading customer advocacy teams describes the harm from payday loans online, an increasing opportunity for costly lending that is payday.

Coalition: Financial Reform

These loans are first in line to be repaid ahead of online payday loans North Carolina food, rent, or other necessities when these triple-digit loans are made to struggling families since the online lender has electronic access to the borrower’s bank account.

We, the undersigned customer and community businesses, are composing to alert one to the risks of online payday lending and also to urge one to help a powerful independent customer Financial Protection Agency to guard customers from predatory online lending. Continue reading “This joint page to Congress finalized by leading customer advocacy teams describes the harm from payday loans online, an increasing opportunity for costly lending that is payday.”