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Current mood:  optimistic Category: News and Politics
(Originally posted at http://blog.affil.org/)
September marks the beginning of a school year, and a new era of
independence for many college students. This year, AFFIL is asking for
your help in reaching out to college students to help them avoid
predatory lending, while also continuing to work toward a system of
fair lending for all consumers.
Today, you can:
- Contact your members of Congress about the need for a CFPA to protect all consumers from abusive lending practices. - Share your own financial wisdom with the students in your life.
For talking points, see the issue pages or this website of our Partner,
Consumers’ Union.
Student lending has been all over the news recently, with good reason. A report in the Wall Street Journal
notes an increase in the amount of money distributed through student
loans and the way it effects a graduate’s ability to have a successful
career, while an extensive article in the New York Times
points out the dangers associated with debit cards, a popular product
among young consumers. By participating in the activities listed
above, you can help ensure that the students in your life don’t get
caught in a credit trap that ruins their chances to succeed.
2:28 PM
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