{
	"type": "rich",
	"version": "1.0",
	"provider_name": "Action Network",
	"provider_url": "https://actionnetwork.org",
	
	"html": "<link href='https://actionnetwork.org/css/style-embed-v3.css' rel='stylesheet' type='text/css' /><script src='https://actionnetwork.org/widgets/v6/letter/stop-payday-predatory-loans?format=js&source=widget'></script><div id='can-letter-area-stop-payday-predatory-loans' style='width: 100%'><!-- this div is the target for our HTML insertion --></div>",
	"author_name": "Americans for Financial Reform",
	"author_url": "https://actionnetwork.org/groups/afr-advocacy-fund-c4",
	"title": "Stop payday predatory loans",
	"thumbnail_url": "https://can2-prod.s3.amazonaws.com/groups/default_facebook_images/000/014/858/original/AFR_Action_Network_Default_(1).png?1738796429",
	"description": "The Consumer Financial Protection Bureau (CFPB) has proposed a crucial new protection to against &quot;Earned Wage Access&quot; schemes, which are nothing more than workplace payday loans. This protection is a significant step towards ensuring financial fairness for all Americans, but the predatory loan industry is fighting back hard. We need your voice to ensure this vital safeguard becomes a reality. Here&#x27;s what&#x27;s at stake: Predatory lenders are using a new tactic to bypass consumer protection laws. They&#x27;re disguising high-cost payday loans as &quot;Earned Wage Access&quot; products, often carrying annual percentage rates (APRs) as high as 300%. These lenders are hiding the true cost of their loans in &quot;tips,&quot; expedite fees, and other junk fees, making it difficult for consumers to understand the real expense of borrowing. The CFPB&#x27;s proposal explicitly defines these advances as loans, requiring them to comply with existing consumer protection laws. This means lenders would have to provide clear cost and fee disclosures, allowing borrowers to make informed decisions. Importantly, it would also prevent these lenders from evading state interest rate caps, which are crucial safeguards against predatory lending. This proposal is a significant step towards ensuring financial fairness for all Americans, but the predatory lenders are fighting back hard. They&#x27;re running misleading ads across social media platforms, trying to confuse the public and pressure regulators into backing down. We can&#x27;t let them succeed. Help ensure that workers are protected from these deceptive and harmful financial practices. Click ‘START WRITING’ to sign and submit your official comment supporting the CFPB&#x27;s plan to stop predatory payday loans disguised as earned wage access now.",
	"url": "https://actionnetwork.org/letters/stop-payday-predatory-loans"
}