When you look at the development of the Consumer Financial Protection Bureau (CFPB) by Congress this year. The CFPB is focusing on a guideline to reign within the payday financing industry. We, along with AFR, will work to ensure the guideline is a solid one.
Our company is a member that is leading of for Financial Reform, a coalition which was instrumental within the development of the buyer Financial Protection Bureau (CFPB) by Congress this season. The CFPB happens to be taking care of a guideline to rein within the lending industry that is payday. We, along with AFR, will work to be sure the guideline is a solid one. You want to fairly share AFR’s great description of payday financing and just what a strong rule would look like to protect customers from debt traps due to these predatory services and products.
What exactly is Payday Lending?
Pay day loans are marketed as one time ‘quick fix’ consumer loans — for people dealing with a money crunch. להמשיך לקרוא