Green America: Growing the Green Economy for People and the Planet

End Predatory Payday Lending

payday loans. Scam. Loan shark. 300% APR. Long term. Millions exploited.

End Predatory Payday Lending

Payday lending has become big business on the backs of people struggling economically and is now a $46 billion financial industry.

Payday loans are used by millions of low income individuals, often people of color and women, who are strapped for cash for immediate needs. Unable to repay loans with whopping 300% to 400% interest, borrowers end up in a spiraling cycle of debt.

The Consumer Financial Protection Bureau (CFPB), created in the aftermath of the 2008 financial crisis, is seeking public comment on a proposal to begin federal regulation of payday and other low-dollar loans.

Sign the petition telling the CFPB to regulate the debt trap of predatory payday loans.

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