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Information Launch. The industry claims that whatever they want to supply is just a credit that is safe for consumers.

Information Launch. The industry claims that whatever they want to supply is just a credit that is safe for consumers.

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Philadelphia City Council Resoundingly Opposes Payday Lenders’ Latest Try To Gut Pennsylvania’s Intense Consumer Protections

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Solomon Leach, Communications Director

Workplace of Councilwoman Cherelle Parker

Kerry Smith, Senior Staff Attorney

Community Legal Services

Michael Roles, Field Organizer

PennPIRG (Pennsylvania Public Interest Analysis Group)

Philadelphia City Council Resoundingly Opposes Payday Lenders’ Latest Try To Gut Pennsylvania’s Intense Consumer Protections

Passes Resolution Urging Pennsylvania General Assembly to Safeguard intense State Cap on interest levels and costs

Philadelphia, PA – prior to a forthcoming industry-backed bill allowing high-cost, long-term payday advances in Pennsylvania, the Philadelphia City Council took the initial step toward fending down their efforts by adopting an answer, askin people of the General Assembly to oppose any such legislation.

The out-of-state payday lenders have been working to bring their predatory loans into Pennsylvania by lobbying for legislation that would eviscerate state caps on interest and fees for consumer loans for over a decade.