MOP

Community. Faith. Labor. Montana's Movement for a #FairAndJustEconomy

[MOP @MTOrgProject]

Payday lenders’ business model = exploiting people’s financial struggles & targeting Black, brown & low-income communities.

The Trump admin is proposing a dangerous rule to legalize payday lending in states like NY that ban it #StopTheDebtTrap

Act now: https://t.co/YMOj43i831

[MOP @MTOrgProject]

Montana is one of 16 states that ban payday lending.

Now the Trump admin & @BrianBrooksOCC are trying to ram through a new rule that would allow loan shark companies to extract $$ from Montana's communities of color. #StopTheDebtTrap

Take action: https://t.co/YMOj43i831

[AFR @RealBankReform]

.@EmilyStewartM of @voxdotcom breaks down the dangerous and predatory nature of payday loans and why the government should not be aiding and abetting this industry during one of the worst economic downturns this country has ever faced.

https://t.co/MGFHynyXpk

[AFR @RealBankReform]

Trump is scrambling to pass federal rules to help #LoanSharks. @BrianBrooksOCC just issued a proposal that will bless #RentABank schemes (loans of 100% APR and more). @USOCC should rescind this and focus on how to #StopTheDebtTrap and actually help people during #Covid19 crisis.

[AFR @RealBankReform]

Predatory lenders disproportionately target Black and Latino people for loans of 100% APR and more through #RentABank schemes. @USOCC and @BrianBrooksOCC should #StopTheDebtTrap and actually help communities of color during #Covid19 crisis.

[AFR @RealBankReform]

High-cost lenders are using #RentaBank schemes, with a few rogue banks, to evade state rate caps on installment loans & lines of credit. 👀 @NCLC4consumers watchlist to see how many lenders are avoiding rate caps in your state #StopTheDebtTrap https://t.co/rfdeBSFv4s

[Rachel GunterShapard @RGunterShapard]

The #PaydayPredators are holding their national conference today at the #TrumpDuralMiami. Look what we found at #MIA! #StoptheDebtTrap

[StopPaydayPredators @stoppaydaypreds]

What an incredibly shameful vote. We've got to hold them accountable for this ✊
https://t.co/chlvLlu01T

[Dylan Laslovich @DylanLaslovich]

.@SenatorTester and concerned Montanans won a slight reprieve here but the boss isn’t done holding folks accountable. We need to know why other boxes were removed and have them reinstated ASAP. #mtnews #SaveTheUSPS

[MOP @MTOrgProject]

🎵 Pay-day-shark do-do-do-do-do🎵
🎵 Pay-day-shark 🎵

We might be singing #BabyShark, but #RentaBank lenders are just as dangerous as the full-grown payday loan sharks #CapRatesNow #StopTheDebtTrap #ProtectConsumers

#SharkWeek

[MOP @MTOrgProject]

Like the Remora Fish, #RentaBank lenders attach on to banks to become loan sharks in their own right. Congress must say no to sharks: #StopTheDebtTrap and #CapRatesNow. Pass a 36% rate cap to protect borrowers from predatory loan sharks!

#SharkWeek

[MOP @MTOrgProject]

#RentaBank schemes are blatant disregards to state laws barring predatory lending. If @USOCC and @FDIC allow them to continue, then Congress must #CapRatesNow and expand a 36% rate cap for all consumers #ProtectConsumers #StopTheDebtTrap

#SharkWeek

[MOP @MTOrgProject]

It’s the @CFPB’s job to protect consumers--Bring back the link to the complaint details. Make it easy for consumers to help protect themselves.  #ProtectConsumers

[AFR @RealBankReform]

"The @CFPB has taken 0, zero actions against medical debt collectors" who break the law, says @RepKatiePorter

Even as consumer complaints about debt collectors goes up, @CFPBDirector has found a way to look the other way

#ProtectConsumers

[NCLC @NCLC4consumers]

NOW: Great comment by @SenatorMenendez to @CFPBDirector hearing before @SenateBanking @BankingGOP. Of special importance during #COVID19 as more families are saddled w/ debt. #ProtectConsumers

[Texas Watch @TexasWatch]

Mitch McConnell is insisting on shielding corporations that get people sick with coronavirus from accountability.

How can workers be safe if we can’t hold our employers accountable?#ProtectConsumers #txlege

SIGN HERE TO #ProtectWorkers: https://t.co/PfzDWo2das

[AFR @RealBankReform]

On impending stimulus checks, @RepSylviaGarcia presses @CFPBDirector to pledge to protect them from scammers, ensuring they reach consumers' hands.

We'll hold you to it #ProtectConsumers #DoddFrank10

[Ed Mierzwinski, #ProtectConsumers #DefendCFPB!! @edmpirg]

It’s really pathetic that @CFPBDirector carries water by the ton for predatory #payday lenders during a #pandemic & follow-on family financial crisis but refusing to own the consequences of her actions is worse. #ProtectConsumers.

[AFR @RealBankReform]

Just so we're clear.

The SCOTUS decision on Selia Law v. CFPB did not diminish your duty to protect consumers, @CFPBDirector

#ProtectConsumers

[AFR @RealBankReform]

.@RepChuyGarcia has a bill that would #CapRatesNow.

The Veterans and Consumers Fair Credit Act that would protect consumers from predatory interest rates, capping them at 36% APR