Letter to Illinois Members of U.S. Senate
Dear Senators Durbin and Duckworth:
The undersigned Illinois organizations urge you to oppose S.J. Res. 56, sponsored by Senator Lindsey Graham. This measure would repeal the Consumer Financial Protection Bureau’s (Consumer Bureau) payday rule, which curbs the ability of payday and car-title lenders to trap consumers in an endless cycle of 300-plus percent interest debt. It is imperative that Congress oppose any effort to repeal or block the rule’s protections against the payday lending debt trap.
Read Senate Letter 36 IL Orgs Support Strong Payday Protections
Letter to Illinois Members of U.S. House of Representatives
Dear Members of the Illinois Congressional Delegation:
The undersigned Illinois organizations urge you to oppose H.J. Res. 122, sponsored by 36 Members of Congress (none from Illinois). This measure would repeal the Consumer Financial Protection Bureau’s (Consumer Bureau) payday rule, which curbs the ability of payday and car-title lenders to trap consumers in an endless cycle of 300-plus percent interest debt. It is imperative that Congress oppose any effort to repeal or block the rule’s protections against the payday lending debt trap.