Thank you for speaking out against payday lending

Thanks for taking action.

Here are some ways you can spread the word to make sure federal banking regulators get the message loud and clear.

If you are on Facebook, click here to post the petition to your Wall.

If you have a Twitter account, click here to automatically tweet:
Stop predatory payday lending at some of the country's biggest banks. http://bit.ly/XuIV0p #p2

You can also send the following e-mail to your friends and family. Spreading the word is critical, but please only pass this message along to those who know you -- spam hurts our campaign.

Thanks for all you do.

--The CREDO Action Team

Here's a sample message to send to your friends:

Subject: Stop big banks from pushing poor families further into poverty

Dear Friend,

Some of the nation's largest banks are looking to make obscene profits by exploiting some of the country's poorest people, and we need to make sure federal banking regulators put a stop to it.

Banks like Wells Fargo, U.S. Bank, Fifth Third Bank and Regions Bank have started marketing payday loans to their customers.

These short-term, high-interest loans are blatantly predatory. The cost of these loans is equivalent on average to more than a 300% annualized interest rate.

And while payday lenders like to pretend it's a solution to a short-term cash crunch, the fact is that they make their money when loan recipients pay off one loan by taking out another payday loan, thereby falling into a cycle of debt that's hard to escape.

Tell federal banking regulators: Stop predatory payday lending by some of the country's biggest banks.

Click the link below to join me in signing the petition.

http://act.credoaction.com/campaign/payday_banks/?r_by=55627-3362360-5fw98Mx&rc=confemail

If you've received this email in error, please correct your campaign subscription information at:
http://act.credoaction.com/s?i=-3362360-LMREIbx

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