Faith for Just Lending Coalition Support Challenge to Rule Overriding State Usury Laws and Legalizing Predatory Lending
On June 16, 2021, Archbishop Paul S. Coakley and the Faith for Just Lending Coalition write to Congress to express support for the Congressional Review Act (CRA) challenge to the Office of the Comptroller of the Currency’s (OCC) “National Banks and Federal Savings Associations as Lenders” rule. The OCC rule overrides state usury laws, legalizing predatory lending even in states that have outlawed it.
Consumer Financial Protection Bureau
On December 14, 2020, Faith for Just Lending writes to the Consumer Financial Protection Agency Review Team to request a meeting to discuss the work of the coalition can support the efforts of the bureau.
Payday Lending Rule Exposes the Poor and Vulnerable to Predatory and Abusive Lending Practices
Archbishop Paul S. Coakley of Oklahoma City, chairman of the U.S. Conference of Catholic Bishops’ (USCCB) Committee on Domestic Justice and Human Development, issues a statement in response to the Consumer Protection Bureau's July 7, 2020 final rule on Payday, Vehicle Title, and Certain High-Cost Installment Loans.
Faith Leaders Call for Borrower Protections During COVID-19 Crisis
In May of 2020, Faith for Just Lending issues a statement calling on government and civil society to act to prevent a major spike in predatory debt traps that could undo, for many low-income families, much of the positive impact of the CARES Act.
Faith for Just Lending Letter to Congress in Support of the Veterans and Consumer Fair Credit Act
On January 10, 2020, Faith for Just Lending, a coalition of organizations and denominations representing millions of Christians across the country, writes to the House of Representatives to urge support for the Veterans and Consumer Fair Credit Act and by so doing establishing an interest rate cap of 36% and taking an important step toward preventing harm caused by predatory lending practices.