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Is this Legislation still Alive?

Date: Mon, 09/10/2007 - 10:12

Submitted by Frogpatch
on Mon, 09/10/2007 - 10:12

Posts: 5381 Credits: [Donate]

Total Replies: 9


I found this press release from July of this year regarding new pending Federal Legislation against payday loans that are secured by holding checks or ACH withdrawals. It was originally enacted to protect our military. I have read nothing recent about it. It was instrumental in intoducing me to my state PIRG who I emailed for help in attacking the problem statewide. There was a link to send in a letter supporting this bill but I was not able to open it. I will go back and paste it in my browser. I hope you all do the same. Here is the link to the release.
http://www.uspirg.org/html/consumer/archives/PDLFedlegUdallpressrelease062707.pdf
I am sure that this posted before but I, along with many others I am sure, did not see it! Every state has a PIRG that can help them with powerful interest groups like the PDL industry.