Sign on to support proposed rules on bank payday loans

As we mentioned earlier this week, two federal regulators have released proposed rules that would put an end to the worst practices of payday lending by banks.

We need to let regulators know that we support their changes! Comments are due next week Thursday, May 30. There are two ways you can make your voice heard on this issue.

Submit your own comments! You can use our sample letter or create your own. Comments need to be submitted to the FDIC and the OCC by the end of the day next Thursday. 

We know time is short, so if you are unable to submit your own comments, please sign-on to Woodstock’s comments by emailing Courtney Eccles at ceccles@woodstockinst.org. Please notify me by Wednesday, May 29 with your name and organization and I will add you to the list of signatories.

Contact me with any questions at  ceccles@woodstockinst.org or 312-368-0310.

Banks and other industry lobbyists have already submitted comments and we want to ensure that regulators hear from as many consumer advocates as possible. Please submit your own comments or sign-on today!