The Virginia Interfaith Center for Public Policy is at it again (“Don’t Make Virginia Do Tenn. Two-Step,“ Sept. 28) when it claims the car title lending industry “poses a signifi PHIL
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cant threat to moderate and low-income consumers in Virginia.“ It is just the opposite. More and more people with no credit are hurting in these tough economic times, so the title loan industry is a proven financial lifesaver to many moderateand low-income consumers.

In the coming months, as health insurance reform moves down on the front page, Congress will redirect its attention to reforming our nation’s financial regulatory system, which LATONYA
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is rife with weaknesses—most notably fragmented oversight and inefficiency. Causing further concern are the gaps in regulation that routinely leave Americans vulnerable to deceptive lending practices.

A faith-based advocacy group is launching a billboard campaign today that seeks to warn consumers about car-title loans. The Virginia Interfaith Center for Public Policy is spending about $2,200 to display its message for four weeks on two electronic billboards in the Richmond area.