CONSUMERS WILL SHARE STORIES OF USING PAYDAY LOANS WHILE COMMUNITY LEADERS
DISCUSS CFPB’S NEW OPPORTUNITY TO RESTRICT PREDATORY LENDING
Los Angeles, CA- September 22, 2015: Later today, Rep. Linda T. Sánchez (CA-38), local community leaders, and payday loan customers will discuss predatory payday loans at a round table discussion. The event is cohosted by the Montebello Housing Development Corporation and Mexican American Opportunity Foundation, and will include remarks by Representative Sánchez as well as a consumer sharing their stories with her. Community leaders will discuss the federal Consumer Financial Protection Bureau’s rule-making for payday, car title, and other high-cost installment loans.