To: Governor Greg Abbott
Governor Perry - Stand Up for Texas Consumers
Payday lending is a real issue for Texans, and we need real solutions to this problem. But just recently, William White, Chairman of the Finance Commission -- the agency charged with keeping payday lenders in line -- told the El Paso Times that payday loan customers are at fault for falling victim to predatory lending practices -- not the lenders themselves.
Mr. White also happens to be the vice president of Cash America, a large payday lender that has a history of preying on Texas consumers. Can we really rely on him to watch out for our financial well-being at the same time?
We can’t stand by as this clear conflict of interest continues. Sign our petition demanding Governor Perry ask William White to resign his Chairmanship of the Texas Finance Commission.
Mr. White also happens to be the vice president of Cash America, a large payday lender that has a history of preying on Texas consumers. Can we really rely on him to watch out for our financial well-being at the same time?
We can’t stand by as this clear conflict of interest continues. Sign our petition demanding Governor Perry ask William White to resign his Chairmanship of the Texas Finance Commission.
Why is this important?
We’re sending around a petition calling for Governor Perry to ask the Chairman of the Texas Finance Commission to step down. Here’s why.
The Texas Finance Commission is charged with ensuring that Texas financial institutions, banks, creditors and payday lenders act responsibly and “enhance the financial well-being of the citizens of Texas.”
But just recently, William White, Chairman of the Finance Commission, told the El Paso Times that payday loan customers are at fault for falling victim to predatory lending practices -- not the lenders themselves.
Payday lending is a real issue for Texans, and we need real solutions to this problem. But Mr. White also happens to be the vice president of Cash America, a large payday lender that has a history of preying on Texas consumers. Can we really rely on him to watch out for our financial well-being at the same time?
We can’t stand by as this clear conflict of interest continues. We can end it, but we need your help.
Tell Governor Perry to ask William White to resign his Chairmanship of the Texas Finance Commission.
Just last month, the Consumer Financial Protection Bureau sanctioned Cash America -- the same business where Mr. White is vice president -- for providing predatory loans to hundreds of U.S. soldiers and their families. The CFPB ordered Cash America to refund $14 million to their customers, and another $5 million for violating federal regulations.
If Mr. White’s company cannot follow laws designed to protect our servicemen and women, how can we trust him to protect Texas consumers?
Sign this petition calling for Governor Perry to stand up for consumers.
Thanks,
Sara E. Smith
TexPIRG Advocate
The Texas Finance Commission is charged with ensuring that Texas financial institutions, banks, creditors and payday lenders act responsibly and “enhance the financial well-being of the citizens of Texas.”
But just recently, William White, Chairman of the Finance Commission, told the El Paso Times that payday loan customers are at fault for falling victim to predatory lending practices -- not the lenders themselves.
Payday lending is a real issue for Texans, and we need real solutions to this problem. But Mr. White also happens to be the vice president of Cash America, a large payday lender that has a history of preying on Texas consumers. Can we really rely on him to watch out for our financial well-being at the same time?
We can’t stand by as this clear conflict of interest continues. We can end it, but we need your help.
Tell Governor Perry to ask William White to resign his Chairmanship of the Texas Finance Commission.
Just last month, the Consumer Financial Protection Bureau sanctioned Cash America -- the same business where Mr. White is vice president -- for providing predatory loans to hundreds of U.S. soldiers and their families. The CFPB ordered Cash America to refund $14 million to their customers, and another $5 million for violating federal regulations.
If Mr. White’s company cannot follow laws designed to protect our servicemen and women, how can we trust him to protect Texas consumers?
Sign this petition calling for Governor Perry to stand up for consumers.
Thanks,
Sara E. Smith
TexPIRG Advocate