Welcome to FiSCA's "We the People" Petition Plan

"Oppose the short-term lending rules being considered by the Consumer Financial Protection Bureau"

As you are aware, the Consumer Financial Protection Bureau (CFPB) is well into the process of developing a set of regulations to govern payday, auto title and other loans. Based on FiSCA's meetings with the Bureau, these rules may look quite similar to the proposals released in March.

FiSCA believes from our meetings with the CFPB that the Bureau has conducted NO consumer research. This means that CFPB has not interviewed a single customer who has utilized a payday loan. No customer has been asked about the impact of a possible 60-day cooling-off period or any issues regarding ability-to-pay guidelines. This is incomprehensible.

Since the Bureau hasn't spoken with our customers, FiSCA has decided to allow thousands of our customers to speak with the Obama Administration. This will be done via a White House petition system called "We the People" (petitions.whitehouse.gov). If a petition generates in excess of 100,000 responses within 30 days, the White House has said they will provide an official response, including responses from appropriate federal agencies.

FiSCA's petition is entitled:

"Oppose the short-term lending rules being considered by the Consumer Financial Protection Bureau."

It can be accessed and signed at: http://wh.gov/iEcUd or:

Help us to get to 100,000 signatures by November 19.

We have developed additional materials to help support this effort. These materials include posters and handouts. Access the FiSCA posters and other in-store materials here: www.fisca.org/AM/Template.cfm?Section=Downloads.

Thank you for your support. Please feel free to call us with your questions.

Edward D'Alessio, Executive Director
201-446-3226 (c)
202-327-9708 (o)

LeeAnn Thompson, Director of Member Services
202-327-9714 (o)