Letter Urging Congress Not to Co-Sponsor or Support H.R. 1214, the “Payday Loan Reform Act of 2009.”

Publish Date: 
March 24, 2009
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Legalizing payday lending at triple digit interest rates runs counter to President Obama’s promise to cap payday and other loans at 36 percent annual rates and to existing protections provided by Congress to Service members and their families.