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The U.S. House of Representatives has passed legislation that would create a massive, new federal government agency—the Consumer Financial Protection Agency (CFPA)—to regulate consumer financial products.
Some short-term credit options, like payday loans and check cashing, will likely be banned or limited by a CFPA. If these products are taken away, you will no longer have access to responsible, hassle-free loans and you may be forced into other more costly loan options.
The Senate will vote on financial reform soon!
Don’t let bureaucrats in Washington, DC make financial decisions for you. Join the Consumer Rights Coalition today to protect your right to make personal financial decisions. Consumers like you should have the ability to obtain short-term loans in order to avoid late fees on bills, bouncing a check or missing a payment on loans.
Joining the Coalition is free! We will keep you informed of actions by elected officials that would take away your ability to get short-term loans. Periodically, we will ask you take action by sending an e-mail to your federal and state elected officials to make sure you don’t lose this convenient option.
If we join together we will be able to protect your access to a variety of affordable credit options.
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