Hearing: Ending Debt Traps in the Payday and Small Dollar Credit Industry

Subcommittee on Consumer Protection and Financial Institutions (Committee on Financial Services)

Tuesday, April 30, 2019 (2:00 PM)

2128 RHOB
Washington, D.C.

Witnesses

Rev. Frederick Douglass Haynes III
Senior Pastor, Friendship-West Baptist Church

Added 04/29/2019 at 01:51 PM
  • Testimony [PDF] Added 04/30/2019 at 10:48 AM
  • Truth in Testimony [PDF] Added 04/29/2019 at 04:42 PM

Kenneth Whittaker
Southeast Michigan Organizing Director, Michigan United, former Payday Loan Consumer

Added 04/29/2019 at 01:51 PM
  • Testimony [PDF] Added 04/30/2019 at 02:23 PM
  • Truth in Testimony [PDF] Added 04/30/2019 at 02:23 PM

Diane Standaert
Executive Vice President and Director of State Policy, Center for Responsible Lending

Added 04/26/2019 at 03:21 PM
  • Testimony [PDF] Added 04/30/2019 at 10:48 AM
  • Truth in Testimony [PDF] Added 04/30/2019 at 09:34 AM

Todd O. McDonald
Vice President and Board Director, Liberty Bank & Trust Company, on behalf of National Bankers Association

Added 04/26/2019 at 03:21 PM
  • Testimony [PDF] Added 04/29/2019 at 04:14 PM
  • Truth in Testimony [PDF] Added 04/30/2019 at 12:33 PM

Christopher L. Peterson
John J. Flynn Endowed Professor of Law, University of Utah, and Director of Financial Services & Senior Fellow, Consumer Federation of America

Added 04/26/2019 at 03:21 PM
  • Testimony [PDF] Added 04/29/2019 at 04:33 PM
  • Truth in Testimony [PDF] Added 04/29/2019 at 04:33 PM

Garry Lacy Reeder II
Vice President, Policy and Innovation, Center for Financial Services Innovation

Added 04/26/2019 at 03:21 PM
  • Testimony [PDF] Added 04/29/2019 at 04:14 PM
  • Truth in Testimony [PDF] Added 04/29/2019 at 04:14 PM

Robert Sherrill
Chief Executive Officer, Imperial Cleaning Systems

Added 04/26/2019 at 03:21 PM
  • Testimony [PDF] Added 04/29/2019 at 04:14 PM
  • Truth in Testimony [PDF] Added 04/29/2019 at 04:14 PM

Diego Zuluaga
Policy Analyst, Center for Monetary and Financial Alternatives, Cato Institute

Added 04/29/2019 at 04:14 PM
  • Testimony [PDF] Added 04/30/2019 at 01:16 PM
  • Truth in Testimony [PDF] Added 05/01/2019 at 11:07 AM

Text of Legislation

  • H.R. 1285, "Improving Access to Traditional Banking Act of 2019" [PDF] Added 04/25/2019 at 05:02 PM
  • Discussion Draft - "Protecting Consumers from Unreasonable Credit Rates Act of 2019" [PDF] Added 04/25/2019 at 05:02 PM

Support Documents

  • Hearing Notice [PDF]
  • Hearing Memo [PDF] Added 04/25/2019 at 05:02 PM Updated 04/29/2019 at 01:42 PM
    Witnesses have been added.
    Updated 04/30/2019 at 09:33 AM
    Witnesses have been added.
  • Fund Small Dollar Loan Program Letter [PDF] Added 04/25/2019 at 05:02 PM

First Published: April 25, 2019 at 04:44 PM
Last Updated: May 1, 2019 at 11:07 AM