Jobs and Income

Press Release: Mainers Should be Protected From Payday Lenders Seeking to Enforce Shady Provisions in Shadows of Forced Arbitration

FOR IMMEDIATE RELEASE August 7, 2017 CONTACT: Jody Harris Jharris@mecep.org (207) 620-1105 Mainers Should be Protected From Payday Lenders Seeking to Enforce Shady Provisions in Shadow of […]

Posted August 7, 2017

Tags Consumer Protection

Education

Maine lawmakers need to protect student loan borrowers

A new report from the federal Consumer Financial Protection Bureau (CFPB) highlights another way that the very companies that are supposed to be helping Maine student loan […]

Jody Harris

Posted June 23, 2017

Tags Consumer Protection, Higher Education, Student Debt

Jobs and Income

A Year after Draft Payday Protections Issued, Congress Moves to Protect Loan Sharks

Meanwhile, payday lenders drain a half million dollars in fees from Maine’s economy Augusta, Maine (June 2, 2017) Today marks the one-year anniversary of the federal Consumer […]

Posted June 2, 2017

Tags Consumer Protection, Federal

Maine’s Economy

Testimony in Opposition to LD 1164 An Act To Facilitate Small Loans in Maine

Seniors, veterans, and all Maine families and individuals who are doing their best to get by in difficult times need fair and responsible resources that will truly […]

Mark Sullivan

Posted April 11, 2017

Tags Consumer Protection

Maine’s Economy

Testimony in Support of LDs 1199 and 1242 (consumer financial protection)

The debt buying industry, primarily out-of-state companies, threatens and deceives consumers to collect on debts they know are inaccurate. LDs 1199 and 1242 will put in place […]

Mark Sullivan

Posted April 11, 2017

Tags Consumer Protection

Maine’s Economy

An Outcry for Payday Lending Reform

When MECEP joined a dozen nonprofit labor, business, senior, economic justice, and community organizations from Maine to call for stronger federal consumer protections against predatory payday lenders, […]

Jody Harris

Posted October 18, 2016

Tags Consumer Protection, Federal

Maine’s Economy

12 Maine Organizations Support Strong Payday Lending Rules

We, the undersigned consumer, labor, business, senior, economic justice, and community organizations from Maine, urge you to protect Maine’s low-income families, especially women, senior citizens, minority families, […]

Mark Sullivan

Posted October 18, 2016

Tags Consumer Protection

Maine’s Economy

MECEP's Comments to the Federal Consumer Financial Protection Bureau on Proposed Payday Lending Rules

The Maine Center for Economic Policy (MECEP) filed this comment in response to the Consumer Finance Protection Bureau’s proposed rule on payday, vehicle title, and certain high-cost […]

Mark Sullivan

Posted September 12, 2016

Tags Consumer Protection

Maine’s Economy

Responsible Lending; Responsible Borrowing

What do people do when they need money quickly? Their car needs costly repairs so they can get to work. A medical emergency has resulted in a […]

Jody Harris

Posted September 1, 2016

Tags Consumer Protection

Maine’s Economy

How payday lenders skirt the law

The facts about how payday lenders trap working families in debt are shocking: 19 million families use payday loans each year. One in four of those borrowers […]

Jody Harris

Posted July 20, 2016

Tags Consumer Protection, Federal

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Press Release: Mainers Should be Protected From Payday Lenders Seeking to Enforce Shady Provisions in Shadows of Forced Arbitration

Maine lawmakers need to protect student loan borrowers

A Year after Draft Payday Protections Issued, Congress Moves to Protect Loan Sharks

Testimony in Opposition to LD 1164 An Act To Facilitate Small Loans in Maine

Testimony in Support of LDs 1199 and 1242 (consumer financial protection)

An Outcry for Payday Lending Reform

12 Maine Organizations Support Strong Payday Lending Rules

MECEP's Comments to the Federal Consumer Financial Protection Bureau on Proposed Payday Lending Rules

Responsible Lending; Responsible Borrowing

How payday lenders skirt the law