AmeriCash Loans Drives 2,000+ Handwritten Letters to CFPB in reaction to start Public Comments

This felt such as a grassroots campaign, where people found a pen and paper and explained their issues over changes that may have a huge effect on their everyday lives.

Diverses Plaines, IL (PRWEB) October 13, 2016

AmeriCash Loans wish to thank its clients and customer support representatives due to their involvement in a present campaign that opposes a guideline modification because of the customer Financial Protection Bureau (CFPB). The installment loans provider drove 2,168 unique letters from clients whom indicated concerns on the CFPB’s choice to limit use of consumer products that are financial. The campaign that is eight-week a resounding success and were held in AmeriCash Loans areas over the usa.

In June, the CFPB proposed a brand new guideline — 12 CFR component 1041 — which could need lenders to just take additional actions to make sure customers have actually the methods to repay short-term credit products. While AmeriCash Loans welcomes modifications that pertain to responsible lending, the company thinks this legislation — currently within the general public commentary stage — will make it hard for clients to get the funding they require. Several thousand customers agree. AmeriCash Loans customers from 66 places in Illinois, Missouri, sc and Wisconsin hand-wrote letters toward CFPB, describing your new modifications would ensure it is harder to get credit. Leer más →