Help Our Families Achieve Financial Stability - Raise Your Voice to Stop Predatory Lending Practices
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To add your name to the petition CLICK HERE
The following comes from our partners at Santa Cruz Community Credit Union and Santa Cruz Community Ventures.
You know we
are working to promote economic justice. One way is to educate people
about finances. Another is to reduce the predatory financial practices. A
number of states have caps on the interest rate that can be charged for payday
loans, but not California - Yet! Sign on to the National Community Tax Coalition's (NCTC) petition to protect
financial consumers from predatory lenders:
As
front-line service providers, we see the daily struggles facing families and
the impact of predatory lenders on the financial security of low-wage
workers. Families have seen their path towards financial security
disappear before their eyes as predatory lenders snatch up their hard- earned
wages by charging exorbitant interest rates.
 The
precarious state of working America stems from and is exacerbated by
out-of-control predatory lending practices that are designed to cheat
low-income workers; now is the time to stop these practices once-and-for-all.
This year,
NCTC will push our Legislators to pass comprehensive measures that cap interest
rates at 36%; promote full disclosure of fees, interest rates,
and rules for credit cardholders; and increase regulations on the financial
industry.
Please join
the movement, by adding your name to the NCTC petition. The
petition will be submitted to Members of Congress as a first step in affecting
important policy change.
To add your name to the petition CLICK HERE
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