The undersigned organizations commend the Department of Financial Protection and Innovation (DFPI) for moving to regulate abusive fintech lenders, including earned wage advance providers. We are very pleased to support the proposed rules and encourage the DFPI to vigorously enforce them to ensure that California’s most vulnerable consumers are not harmed.

Signatories

  • California Employment Lawyers Association (CELA)
  • CA Labor Federation
  • CA League of United Latin American Citizens (CA LULAC)
  • California Low-Income Consumer Coalition (CLICC)
  • California Reinvestment Coalition (CRC)
  • Center for Responsible Lending (CRL)
  • Consumers for Auto Reliability and Safety (CARS)
  • Consumer Federation of California (CFC)
  • Consumer Reports
  • Dolores Huerta Foundation
  • East Bay Community Law Center
  • Greater Sacramento Urban League (GSUL)
  • Housing and Economic Rights Advocates (HERA)
  • Manfred, APC
  • MyPath
  • National Consumer Law Center
  • NextGen California
  • Office of Kat Taylor
  • Public Counsel
  • San Francisco Office of Financial Empowerment