Coalition Against Abusive Lending
CFPC, with Iowa Citizens for Community Improvement, staffs the Coalition Against Abusive Lending, a coalition of more than 15 state organizations working to eliminate abusive lending practices -- including those in mortgage lending, refund anticipation lending, and payday lending. The Coalition Against Abusive Lending is focusing upon greater state policy regulation and enforcement to reduce the wealth stripping that occurs through these practices, estimated by the national Coalition for Responsible Lending to cost working and retired Iowans more than $70 million annually. The following information is available for downloading.
Resources:
- Viewpoint The Consumers Union Perspective - Consumer Reports Magazine, February 2009
- The Facts on Iowa Payday Lending
- Payday Loan Talking Points from the Coalition Against Abusive Lending
- Pay Day Loan Narrative from the Coalition Against Abusive Lending
- National Community Reinvestment Coalition – Anti Predatory Lending Toolkit,which is available at www.ncrc.org/pressandpubs/publications_list.pdf
- Stop the Payday Loan Debt Trap
Media:
02/23/09 Iowa Public Radio
CFPC staff member Victor Elias, representing the Coalition Against Abusive Lending, talks with Iowa Public Radio host Greg Shanley about predatory lending and pending legislation to regulate payday loans. Senator Joe Bolkcom joins the discussion. Click here to listen.