Tell Congressional Leaders that DISCLOSURE IS NOT ENOUGH!
We need your help to speak up for consumer protection from abusive lending practices. Recently, the Federal Reserve Board proposed new regulations which will require credit card companies to disclose more information to consumers. Increased disclosures are important and necessary, but disclosing abusive practices does not replace outlawing them. DISCLOSURE is NOT ENOUGH.
We need your help to keep the spotlight on the need for strong legislation. We need you to send an email to the Congressional leaders of the Senate Banking Committee and House Financial Services Committee telling them that DISCLOSURE is NOT ENOUGH.*
Click here to tell Congressional Leaders that DISCLOSURE is NOT ENOUGH.
Read our full press release on the Fed's proposal.
Read AFFIL Partners' platform on credit card reform.
Want to do more? Tell your Representatives that DISCLOSURE is NOT ENOUGH.
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Want to do More?
Tell Congress that you're OUTRAGED by predatory lending!
1. Highlight and copy the text of the letter below.
2. Enter your Zip Code into the Representative Finder below.*
3. When the new window pops up, click “Write to your Federal elected officials with one click.” (You can repeat this process and send to your State representatives as well.)
4. Fill in the boxes. Paste the text you copied into the text box.
SUBJECT: I'm OUTRAGED by predatory lending!
ISSUE: “Financial Services”
5. Fill in your name and other information.
6. Let us know you’ve taken action! Email info@affil.org with the subject: I told Congress that I'm OUTRAGED!
Text of Letter
RE: I'm OUTRAGED by predatory lending!
I have recently become aware of the serious problems in America’s lending industry. I am outraged that consumers no longer enjoy basic protections against unsafe, abusive loans. Predatory lending practices are draining assets from hard-working American families and communities. These predatory lending practices must be stopped.
Loans and other financial products are complex. They are potentially helpful and also potentially extremely destructive. Accordingly, loan products and contracts should be regulated by the government. Only regulation can protect Americans and our communities from predatory lenders, and save the American dream.
- Please work to establish a fair marketplace for financial products, where lenders act responsibly and treat consumers justly.
- Please ensure that all consumers are treated equally and fairly in the financial marketplace, regardless of their race, socioeconomic status, or any other factor.
- Please ensure that all lenders are held liable for breaking the law.
And please promise me that if I am abused by a lender, my complaint will be justly and fully heard and dealt with in the American justice system.
Thank you for your attention to this important matter. I trust you will do all you can to stop predatory lending and save the American dream.
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