1 / 9

Empowering Consumers: Choosing Responsible Small Dollar Loans Over Predatory Lending

In today's uncertain financial climate, the rise of predatory payday loan companies poses a significant threat to consumers. The FDIC has acknowledged a pressing need for alternatives to these loan sharks. For nearly a century, the small dollar installment loan industry has offered safe, responsible solutions to combat high-interest predatory loans. By supporting regulated installment loans, we can ensure access to fair, disciplined lending that meets the needs of millions. Let’s advocate for a fairer, safer financial future and turn away from taxpayer-subsidized bank loans.

cili
Télécharger la présentation

Empowering Consumers: Choosing Responsible Small Dollar Loans Over Predatory Lending

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ResponsibleConsumer Loans www.ResponsibleConsumerLoans.org

  2. A growing public need exists in an uncertain financial climate. • High interest, predatory • payday loan companies • are springing up all over • America to fill the void. www.ResponsibleConsumerLoans.org

  3. The FDIC announced that the situation is desperate. There is an admitted need and demand to compete with loan sharks, the predatory lenders like payday. www.ResponsibleConsumerLoans.org

  4. There is an answer already in existence to deal with this very problem. For almost 100 years, the small dollar installment loan industry has existed to help fight loan sharks. www.ResponsibleConsumerLoans.org

  5. The small dollar installment loan industry exists today as it did since its inception— providing safe, responsible and disciplined loans—every day of the week, in every town in the country. www.ResponsibleConsumerLoans.org

  6. Our small dollar installment loan industry was created to fight usury and loan sharking in the U.S., during another period of financial peril and uncertainty. www.ResponsibleConsumerLoans.org

  7. Why not support our fully regulated installment loan industry, and help them to provide the smallest dollar loans that so many people need and want? It’s an important question we must ask ourselves. www.ResponsibleConsumerLoans.org

  8. Let’s allow the consumer loan industry to charge fair rates to earn a profit, and therefore regain their historical place in the small loan market. Banks can’t do it. They’re the first to admit it. And banks won’t do it—without being enticed to participate with loans subsidized by everybody else’s money. www.ResponsibleConsumerLoans.org

  9. Unless there’s a good reason for the FDIC to support the banks to start a money losing venture, we should turn our attention away from government/taxpayer subsidized bank loans—and support the solution at hand. www.ResponsibleConsumerLoans.org

More Related