H.R. 5350: Federal Payday Loan Consumer Protection Amendment

Great find Polly. Also a fairly current piece of Legislation. I did not get a chance to call representative Rush's office today, but I will try to tomorrow.

While this legislation is definitely a step in the right direction, it is more general in scope, and I can see several potential loop holes which are left, many of which were addressed in H.R. 1660. People should definetly contact their representative and ask them to support this legislation, and even ask them to sign on as co-sponsors.

It is only through civic involvement that OUR elected officials know what we want. THEY DO WORK FOR US.

Clay tomorrow is my first appointment in small claims court with a store front lender. I intend to walk in their and respectfully ask for it to be heard in the higher court, which is my right. If I lost in small claims I cannot appeal. Once I move to the higher court I can appeal and appeal all the way to the Supreme Court, and get my voice heard. I don't understand why it has not been done before...

Good luck polly, please let us know how it goes. What do you think your chances are of getting it moved to a higher court? or is that automatically granted if requested?

About HR1660, one thing I like is that unless otherwise authorized under state law (hence preserving states rights), it makes issuing payday loans illegal under federal law. This essentially closes any loophole any internet lender would use to skirt otherwise silent state laws.

Yes, I found out today that I have the right to move it to the civil court. I have my argument prepared already. I'll pm it to you:)

good luck polly!

Thanks!

My first victory! I successfully moved my case to the higher court. This way if I lose I can appeal into darn near infinity :)

Sorry if this sounds mean but I don't get why you would want to move it to civil court? Won't that cost you more money than you would have to pay back. I'm confused and I trust you know what you're doing but just don't understand. Will you explain it to me? Thanks!

Sue

In small claims, if you lose, you cannot appeal the decision. I want to have the ability to appeal if I lose.

I was advised that most PDL companies do not pursue collections in the higher court.

Thanks for the explanation. I was taken to small claims for a storefront that I defaulted on and they got a judgment which I am now paying on.

Good luck Polly, I know you will do great!

Go get them polly. You have all of us behind you.

Thanks quiet train!

Sue, I want to make a point and I want to speak my mind in as many courtrooms as they will take me into. Everything in Michigan law made PDL's illegal prior to June 1st of this year. They should have never been allowed to operate in my state. This will be my way of fighting the system and my way of showing my state government that they were wrong in passing Act 244. The ultimate goal is to hopefully get Act 244 revoked, and making PDL's illegal here. I have always been told it takes one spark to set a fire, and I want to be that spark. If this PDL won't play ball with me, I am quite certain that the next summons I receive, I can take to the next level in the court system.

I admit I cannot afford to pay these places, but this is not what this is about. It's about taking a stand against an autracity that has preyed on my communities most vulnerable people; fixed income/low income seniors, single parents, and the disabled citizens.

My city has more churches per capita than any other city in the nation. I would dare to say the PDL's are not too far behind the churches. We have a church on darn near every corner here, and a PDL on right across the street. I want to see those PDL stores replaced with honest businesses that will offer services our communities need.

Thanks Tammy!

Polly - I understand you wanting to make a point etc. and I did not know that pdl's were illegal up until that point. Please know that I am not questioning what you are doing I just did not understand. I am sure that you have the ability to be that spark - I know that I would not have been able to get done what I have without your help and I truly admire you for that and appreciate all the help you have given me and others. Plus I wish I was as smart as you in understanding all the legal b.s. written into codes, statues, etc. Go get 'em and we'll all celebrate your victory. I hope I have not offended you, I truly consider you one of the many friends I've made on this site. :)

Sue

OH Sue heaven's no you did not offend me silly!

I was just giving a full explanation of what I am upt to!

polly is on a mission to shut down all the loan sharks and I pray she can get it done. If it wasn't for her help, I would still be in payday loan hell.
Here's to you polly.

Thanks Tammy! Can you keep that on ice for me til 5? Don't want to come back from lunch ***tipsy*** :lol:

No problem,

How about a 12 pack?

Polly, I wish you all the luck out there. You are doing a great job of spreading the legal information not known to many people. Most of the times, rumors pass in the air leading to the message being distorted. The word needs to be spread out in the purest way and you have taken a great effort in doing that. Let me know if I can be there to help you, if needed.

Thank you andy and you are abosolutely correct.

The only websites that you can trust you are getting accurate information on a state's laws is the state's legislative website.

Tammy...let's drink! :)

I'm all for it. I could easily toss back a few. :)

Polly how did it go

Polly,
I will email my Congressperson in CA to demand that they support this bill. Again, thanks for all that you do!

Your new friend and admirer,

Kathy

Yea for Polly!!!! You go girl-I hope you go all the way. It just starts with one person having the courage to speak up for what is not right. Tha's the way this Country was built,and laws were made.I am hoping this goes all the way and then we can do something about predatory CA,and their evil practices. I know not all are,but there are alot who are. I also know we have fdcpa reg., butI feel there should be something to stop or regulate all these interests,etc.,especially when they won't work with you on payments,and instead file a judgement.Okay,off my soapbox-good luck,let us know what happens :D ...Karen