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Posted On October 21, 2020 In Investigation With 38 Views

ADVOCATES FROM STATES THAT BAN PREDATORY PAYDAY LENDING EMPHATICALLY OPPOSE CFPB’S PROPOSAL TO GUT FEDERAL RULE

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ADVOCATES FROM STATES THAT BAN PREDATORY PAYDAY LENDING EMPHATICALLY OPPOSE CFPB’S PROPOSAL TO GUT FEDERAL RULE

TUNE IN TO PRESS BRIEFING:

WASHINGTON, D.C. – Today advocates from states in the united states that ban predatory payday lending voiced strong opposition into the customer Financial Protection Bureau (CFPB)’s actions to gut federal rules to control predatory lending that is payday. This morning and in comment letters submitted today to the CFPB, they presented evidence refuting the CFPB’s claim that insufficient evidence was submitted to justify the landmark rule on payday and car title lending finalized by the Bureau in 2017 and scheduled to go into effect later this year on a telephone briefing. (more…)

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