Stop Payday Predators: Submit A Public Comment


Payday lenders purposefully ensnare people in debt they can’t escape. These legalized loan sharks collect 75 percent of their fees from people stuck in more than 10 loans a year by charging 300 percent APR. It’s a debt trap. In many Wisconsin communities, there are more payday lenders than McDonald's!


We can rein in the worst payday lending abuses (such as knowingly giving out impossible to pay off loans) with a proposed rule from the Consumer Financial Protection Bureau. Payday lenders are fighting to keep their unfair and abusive practices going. It’s up to us to make sure the CFPB hears loud and clear that we need to stop the debt trap once and for all. If we don't comment, this agency will ONLY hear from industry insiders looking to rig the rules in their favor!

Who's signing


Will you submit an official comment to rein in payday lenders? (We'll send it on your behalf)

Showing 317 reactions

  • signed 2016-10-05 11:51:08 -0500
    Stop preying on people.
  • signed 2016-10-05 11:48:43 -0500
    I hate payday loans going unregulated.
  • signed 2016-10-05 11:45:39 -0500
    As a realtor I have seen many families devastated by the payday loans. They ruin an individual’s credit rating.
  • signed 2016-10-05 11:41:47 -0500
    Legalize loan sharks need to be regulated and closed down!
  • signed 2016-10-05 11:39:24 -0500
    Loan sharks are never acceptable. Get rid of this expensive system.
  • signed 2016-10-05 11:36:49 -0500
    They are taking advantage of the most vulnerable and are a horrific scam!
  • signed 2016-10-05 11:33:52 -0500
    The most needy are preyed on by these loan sharks.
  • signed 2016-10-05 07:31:54 -0500
    Payday lending, at the least, needs to be limited, so that people do not end up in a revolving door of escalating debt. There should be limits on loan frequency and the amount of outstanding debt.
  • signed 2016-10-04 20:12:50 -0500
    Payday loans disenfranchise low income folks who are trying to increase money with debt. Let’s break the cycle.
  • signed 2016-10-04 20:09:57 -0500
    These predators should be shut down or interest rates lowered.
  • signed 2016-10-04 20:07:09 -0500
    It is unfortunate that payday loans take advantage of people in need.
  • signed 2016-10-04 20:04:27 -0500
    People need a ladder out of financial crises, not a trap that gets worse and worse.
  • signed 2016-10-04 20:02:25 -0500
  • signed 2016-10-04 19:59:59 -0500
    Families and individuals in need are desperate for assistance but often are sucked into schemes that look good on the outside but are detrimental to their future status. Please end this “scheme.”
  • signed 2016-10-04 19:57:30 -0500
    These shysters need to be stopped!
  • signed 2016-10-04 19:55:11 -0500
  • signed 2016-10-04 19:52:46 -0500
    illegal and immoral. must be prohibited.
  • signed 2016-10-04 19:49:38 -0500
    Reagan ended the usury regulations, which started all this.
  • signed 2016-10-04 19:46:38 -0500
    No “bad” loans should ever be legalized!
  • signed 2016-10-04 18:52:44 -0500
    Payday loans are own sharking made possible by a non-representative government.
  • signed 2016-10-04 18:50:46 -0500
    This practice has to stop!
  • signed via 2016-10-04 17:37:08 -0500
    Everyone needs access to reasonable credit, not the outrageous rates charged by payday predators.
  • posted about this on Facebook 2016-10-04 16:09:47 -0500
    We have one chance to rein in the payday predators with their 589% interest in Wis. Submit your public comment here!
  • signed 2016-10-04 16:09:29 -0500
    Vulture capitalism and the exploitation of the poor needs to end. It is obvious to start with pay day profiteers and their clear leeching off of consumers who are caught in cycles of poor pay and unsustainable debt. We need public alternatives to provide resources to those struggling economically in our country.
  • signed 2016-10-04 14:07:17 -0500
    It should be illegal to charge 300% interest for loans. It’s hard enough to get out of debt under the prevailing 9,12 or 16% interest rates
  • signed 2016-10-04 14:00:31 -0500
    Most poor families live hand to mouth. Low-paying jobs are the norm. When debt repayment takes from skimpy paychecks there’s no way to make it fit in with living expenses. Something vital has to be skipped, leading to desperate fillers such as crime, the path out of the mainstream.
  • signed 2016-10-04 13:53:30 -0500
    Payday loans have been a scam that our most vulnerable have been taken advantage of for years. Our folks living in poverty, our veterans, people getting out of jail or prison, our young. SHUT THEM DOWN.
  • signed 2016-10-04 13:24:55 -0500
  • posted about this on Facebook 2016-09-30 02:21:51 -0500
    We have one chance to rein in the payday predators with their 589% interest in Wis. Submit your public comment here!
  • signed 2016-09-30 02:21:21 -0500
    There is a reason why we used to have usury laws in these United States. We had decided that when interest rates go t high enough, the practice became a way of enslaving debtors. We need to establish a maximum interest rate that can not be exceeded under any circumstance. Why has this country decided it is OK for loan companies to become loan sharks?