Predatory small-dollar lenders prey on financially insecure consumers by providing quick cash loans with punishingly high interest rates and fees, making them all but impossible to pay on time. While some states have seem progress in preventing predatory lending by prohibiting payday loans, state law may still allow other forms of high-interest, small-dollar lending (such as car title loans). This is true in the state of Georgia, home to many of the large national car title lenders.
This presentation will discuss the need for robust consumer protections around small-dollar lending to protect consumers and boost local economies. Participants will learn about: 1) the current small-dollar lending policy landscape, with an emphasis on Georgia, 2) opportunities for reform, 3) how to engage legislators and the public, and 4) the real experiences of those targeted by the predatory small-dollar lending industry. Learnings can be applied across states.
This webinar is part of our Members-only Series, a benefit of CBA membership. Non-members interested in the webinar can participate for a nominal fee by registering here.