The Consumer Financial Protection Bureau (CFPB) recently released proposed rules that would curb controversial lending practices employed by payday and auto title lenders. OFN is developing a comment letter on these rules, and we’re looking for stories about CDFI borrowers that currently have, or previously had negative experiences with a payday or auto title loan to inform our letter. Specifically, we’re looking for stories about CDFI borrowers that were trapped in a cycle of debt from taking out a payday or auto title loan and how it affected their ability to fulfill their other financial obligations. Stories do not need to include personal information. Please send your stories to Dafina Williams, Vice President for Public Policy. 

 

Make Headlines

Send us your CDFI news, by email, or by tweet to @OppFinance.

STAY INFORMED

Get updates on the latest news and information at OFN! View an archive of e-newsletters here!

Related Articles