COUNCIL FOR FAIR LENDING

IN ADVANCE OF HEARINGS ACORN & OTHERS SUPPORT DURBIN'S 36% RATE CAP BILL

"Lenders You Can Trust.  Only At Borrow Smart Stores!"

 

Our Adversaries Are Hard At Work This Week As Hearings Take Place In Washington!

March 30, 2009

In advance of hearings in the House this week (scroll down), our adversaries are working hard and smart.  In particular, they do not like Representative Gutierrez's national payday loan bill.  See what they say here.  He is getting attention from groups he may not have expected in Washington (click here for more on the Representative Gutierrez or click here for the bill).  They want Durbin's bill along with the 36% rate cap.  The alliance against our industry, which includes ACORN, is noteworthy!

There is something else that is noteworthy.  Notice how the consumer groups have thrown away their differences and are now cooperating fully among themselves as a group?  They are solely focused on our demise.  They are also working together as a cohesive, single entity representing a large group of constitutes (voters).  That's a smart idea.  Do you think they may be communicating and coordinating their efforts among themselves?  That's another smart idea.  Perhaps we can learn.

 

ACORN & OTHER GROUPS WANT DURBIN'S BILL

ACORN and other consumer groups do not like the Gutierrez Bill -- at all.  Click on this image to read the letter to Congress urging them to vote against the Gutierrez bill.  Just in case you do not know about ACORN, visit the links below:

ACORN & Obama

ACORN Receives Government Funding

ACORN, Obama & Housing Crises

How Radical Is ACORN

 

CRL plans an event at our CapitAl

 

Interesting.  They get free coffee, too.

 

HOUSE WILL HOLD PAYDAY LOAN HEARINGS ON THURSDAY, APRIL 2, 2009

The House Subcommittee On Financial Institutions & Consumer Credit will hold hearings on H.R. 1214 -- The Payday Loan Reform Act of 2009.  Go here for more information on the bill.  The hearing will be televised on CSPAN and can be viewed from your computer by going here at 1:30 PM/2:30 PM (CDT/EDT) this Thursday, April 2nd.

 

 

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