Maine’s Economy

Predatory lenders disproportionately target women, new study shows

It’s Shark Week. No, not the Discovery Channel’s homage to the denizens of the deep, but rather the annual media storm from consumer advocates who oppose the […]

Jody Harris

Posted June 29, 2016

Tags Consumer Protection, Federal, Inequality

Maine’s Economy

New poll reveals overwhelming support for strict regulation of payday lenders

More than seven out of ten Americans want stronger regulation to rein in the predatory practices of payday lenders according to a survey released on June 15. […]

Mark Sullivan

Posted June 21, 2016

Tags Consumer Protection, Federal

Maine’s Economy

Submit comments to the Consumer Finance Protection Bureau on proposed rule designed to ban abusive lending practices

The Maine Center for Economic Policy (MECEP) urges Maine individuals and organizations to submit comments to the Consumer Financial Protection Bureau (CFPB) about its proposed rule designed to […]

Mark Sullivan

Posted June 6, 2016

Tags Consumer Protection, Federal

Maine’s Economy

New Federal Rule Cracks Down on Predatory Lenders, Protects Consumers

MECEP urges a strong CFPB rule governing abusive lending practices that target low-income families, especially women, veterans, and seniors To view a PDF of this release, click here. […]

Posted June 2, 2016

Tags Consumer Protection, Federal

Maine’s Economy

Payday loans continue to injure consumers

This week MECEP urged federal regulators to establish strong protections against abuses by payday lenders. Their loosely regulated, short-term, unsecured loans trap people in a cycle of […]

Jody Harris

Posted April 22, 2016

Tags Consumer Protection, Federal

Maine’s Economy

Federal legislation would protect payday lending industry at the expense of Maine consumers

MECEP has joined hundreds of civil rights, consumer, labor, faith, veterans, seniors, and community organizations across the nation to strongly urge its Congressional Delegation to oppose H.R. […]

Jody Harris

Posted March 9, 2016

Tags Consumer Protection, Federal

Maine’s Economy

Complaints from military consumers about payday loans have soared in recent years

Mark Sullivan

Posted July 23, 2015

Tags Consumer Protection

Jobs and Income

Department of Defense moves to protect service members and their families from abusive creditors

A soldier returns from a tour of duty in Afghanistan to find his car repossessed in his absence. A sailor on patrol in the Persian Gulf receives […]

Marpheen Chann-Berry

Posted July 23, 2015

Tags Consumer Protection, Federal

Maine’s Economy

MECEP Urges the Maine House and Senate to Override an Veto of Key Legislation to Protect Maine Consumers from Unscrupulous Debt Collectors

“L.D. 1092 will protect Maine consumers from some of the worst abuses by debt buyers and their collection agencies. Unscrupulous debt buyers purchase old consumer debts from […]

Posted June 29, 2015

Tags Consumer Protection

Jobs and Income

Protecting Mainers from unscrupulous debt collectors

“There has been an explosion of debt collection companies known as debt buyers in recent years. Debt-buyers buy old debt that creditors have written off as uncollectable. […]

Jody Harris

Posted June 29, 2015

Tags Consumer Protection

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Predatory lenders disproportionately target women, new study shows

New poll reveals overwhelming support for strict regulation of payday lenders

Submit comments to the Consumer Finance Protection Bureau on proposed rule designed to ban abusive lending practices

New Federal Rule Cracks Down on Predatory Lenders, Protects Consumers

Payday loans continue to injure consumers

Federal legislation would protect payday lending industry at the expense of Maine consumers

Complaints from military consumers about payday loans have soared in recent years

Department of Defense moves to protect service members and their families from abusive creditors

MECEP Urges the Maine House and Senate to Override an Veto of Key Legislation to Protect Maine Consumers from Unscrupulous Debt Collectors

Protecting Mainers from unscrupulous debt collectors