Blog Posts > Keep Payday Lending Out of West Virginia
September 6, 2016

Keep Payday Lending Out of West Virginia

payday lending theatre marquis

The Consumer Financial Protection Bureau (CFPB) has proposed rules that, if strengthened, could rein in the worst abuses of payday and car title lending. Thankfully, West Virginia protects against abusive payday and car title loans, but the CFPB still needs to hear from you.

Add your voice now to stop the debt trap!

Payday loans notoriously carry 300+% APR (annual percentage rate). Strategically located in low-income neighborhoods, payday lenders intentionally trap borrowers in debt that they cannot escape. The average payday borrower is trapped by ten transactions in a year.

Though payday lenders are not allowed in our state, we still need a strong national rule. Payday lenders will use a weak rule to seek a green light to come back into West Virginia.

Support a strong rule to stop these predatory practices.

Thank you so much for acting today.

Donate Today!
Icon with two hands to donate today.
Donate

Help Us Make West Virginia a Better Place to Live

Subscribe Today!
Icon to subscribe.
Subscribe

Follow Our Newsletter to Stay Up to Date on Our Progress

Thanks for reading our post 🙂

We have a great newsletter, join below:

Select list(s) to subscribe to


By submitting this form, you are consenting to receive marketing emails from: West Virginia Center on Budget and Policy, 8 Capitol Street, Charleston, WV, 25301. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact