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Thank you for stopping payday loans!

10/24/2012

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Thanks to all of you, the bill to authorize 300% APR payday loans in Pennsylvania stalled in the Senate. It did not even have enough support to advance out of the Banking and Insurance Committee.  Thanks to all of you, our communities will not be flooded with payday storefronts and high-cost dangerous payday loan debt. 

In a recent recap of the bill status in the Patriot News, committee member Senator Pat Vance (R-Cumberland County) noted her opposition to the bill stemmed from hearing the concerns of a broad coalition of what she considered worthwhile groups representing the military, churches, senior citizens and low-income residents. Thank you, Senator Vance, for hearing these concerns!

Groups in Philadelphia, such as the Philadelphia Unemployment Project  shown above, have been personally thanking members of the Philly delegation for their opposition to the bill, including committee members Senator Farnese, Senator Stack, and Senator Williams.    Other committee members who publicly expressed their opposition include Senator Earll, Senator Greenleaf, Senator Rafferty, and Senator Boscola.   Thank you, Senators, for keeping high-cost debt out of the Commonwealth!

Thanks to all of you, Pennsylvania's Senators heard and followed the concerns of their constituents rather than the those of the out-of-state payday lenders who want to peddle 300% APR loans in your community.   Please thank your Senators for making the right decision to stop payday loans by stopping HB 2191! 

 

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    News Updates

    • Archives:
    • Letter: A Payday Loan Debt Trap,Pittsburgh Post-Gazette, 05/27/13 
    • Letter: False Claims by Lending Industry, PhillyBurbs.com, 05/24/13
    • Letter: Stop Payday Lending Legislation, McKeesport Daily News, 05/20/13
    • Another Payday Loan Debate on the Horizon, Morning Call, 5/18/13
    • Editorial: Whose Payday?, Daily News, 4/12/13
    • Editorial: Stand firm against payday loans, Erie Times-News, 03/20/13
    • Letter: PA Residents: Oppose payday loans, DelCo News Network, 03/18/13
    • Payday Loan Affordability Fast Facts, Patriot-News, 03/16/2013
    • Letter: Payday loans are like financial quicksand, Morning Call, 03/07/2013
    • Payday loans easy to get into, hard to get out of, Morning Call, 03/02/13
    • Letter: Predatory lending laws create indentured servitude, PhillyBurbs.com, 02/12/13
    • Editorial: Now or later: Payday lending is bad news for PA, Pittsburgh Post-Gazette, 10/09/12  
    • Editorial: Payday lenders looking for prey among the poor, Philly Inquirer, 10/05/12
    • Letter: Lobbyists are winning, Philly Daily News, 10/01/2012
    • Editorial: Keep ban on payday loans, Scranton Times-Tribune, 09/28/12
    • Letter: Keep payday loans out of PA, DelCo Times, 09/28/2012.  
    • Editorial: Payday lending is just in-state debt trap, Towanda Daily Review, 09/28/2012
    • Letter: Payday lending legislation bad for consumers, Morning Call, 09/26/12
    • Editorial: PA Senate Should Reject Payday Loan Bill,
      Lehigh Valley Express Times, 9/24/2012
    • Editorial: It's a no-brainer, payday bill shouldn't pass, Harrisburg Patriot-News, 9/23/12
    • Payday lenders could score with loan act, Philly Tribune, 9/16/12
    • Op-ed: Rejecting Payday Loan Bill Protects Consumers, The Morning Call, 09/15/12
    • Op-ed: Payday Loans Need to Be Opposed
      DelCo News Network, 8/28/2012
    • Op-ed: Payday lending will lead to abuses
      Erie Times,
      8/19/2012
    • Why to Steer Clear of Payday Loans
      Wall Street Journal
      07/29/2012
    • PA Payday Lending: Short-Term Loans, Long-Term Issues
      Public News Services, 5/16/2012
    • Editorial: Keep payday and predatory lenders out of Pennsylvania
      Harrisburg Patriot-News Editorial, 5/08/2012
    • Payday loans may be returning to Pennsylvania
      Allentown Morning Call, 5/6/2012
    • Predatory bill: Lawmakers would victimize low-income borrowers
      Pittsburgh Post-Gazette, 04/23/2012

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