Thursday, September 28 at 2:00 PM ET / 11:00 AM PT
This webinar is completely free and registrants will receive a recorded video of the presentation!
Payday and car title loans are designed to trap borrowers in 300-400% debt for months and sometimes years on end. Marketed as a quick fix for the cash flow problems of this country’s most vulnerable populations, these loans are anything but.
In states that allow payday and car title loans, they drain almost $8 billion in fees every year from the pockets of borrowers who can least afford it. By contrast, consumers in states where these loans are illegal SAVE over $5 billion every year in abusive fees.
The Consumer Financial Protection Bureau (CFPB) will hopefully release its final national payday rule this month, taking a major step to rein in the worst payday abuses.
Attend this webinar featuring guest speaker Susan Lupton to learn…
- What is the true cost of payday lending?
- What will the national payday rule do?
- What loans are covered? What lenders are covered?
- What loans and lenders are not covered?
- How will this new rule affect your state?
- How will payday lenders try to overturn or evade this rule?
- How can you help to defend this rule and the CFPB?
Register for free now and join us on Thursday, September 28 at 2:00 PM ET (11:00 AM PT). If you are unable to attend or would like to receive a recording, please proceed to register for the webinar and you will receive a recording via email the following day.
Susan Lupton has been the Senior Policy Associate at the Center for Responsible Lending since 2002. Her work has helped position North Carolina as a model for predatory lending reform, including strong mortgage protections, protections for homeowners at risk of foreclosure, and curbing payday and bank payday abuses.
The post New Webinar: What’s Being Done To End Payday Lending Abuse? appeared first on Center for Financial Social Work.
Written By Reeta Wolfsohn, CMSW
New Webinar: What’s Being Done To End Payday Lending Abuse? was originally published @ Center for Financial Social Work and has been syndicated with permission.