MECEP’s Comments to the Federal Consumer Financial Protection Bureau on Proposed Payday Lending Rules

The Maine Center for Economic Policy (MECEP) filed this comment in response to the Consumer Finance Protection Bureau’s proposed rule on payday, vehicle title, and certain high-cost installment loans. The rule is critical for ending the harms of unaffordable loans, but MECEP believes it must be strengthened to stop the predatory lending practices that are exploiting Maine consumers and forcing them deeper into poverty.

Thank you for the opportunity to submit comments on these important consumer protections.

To view a PDFof MECEP’s comment, click here.