Payday Lending

President Obama Remarks on Consumer Protection and the Economy

On Wednesday, March 26, President Obama talked about the economy, payday lending practices and consumer protection during an address at Lawson State Community College in Birmingham, Alabama.

Prior to the address, Obama held a small round table discussion with community leaders, including Birmingham Faith in Action clergy leader, Rev. Shannon Webster of First Presbyterian Church of Birmingham, working to protect Alabama's consumers. President Obama later quoted Rev. Webster in his speech, calling him to stand up.

"When our people are trapped in debt and they cannot escape - then we're all hurt." Rev. Webster

Click here to watch the President's full address on C-SPAN >>