Ny comment page to CFPB on proposed payday lending guideline Via Electronic Submission The Honorable Richard CordrayConsumer Financial Protection Bureau1700 G Street NWWashington Re: Proposed rulemaking on payday, automobile name, and specific high-cost installment loans, Docket No. Dear Director Cordray: We, the 131 signatories for this letter, represent a cross-section that is diverse of officials, […]

FTC slaps cash advance loan providers for wasting 49 million bucks of customers The next occasion, you intend to borrow a temporary loan from pay day loan loan providers, reconsider that thought. In accordance with the customer watchdog Federal Trade Commission, a couple of cash advance loan providers scammed customers and fooled $49 million bucks […]

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Without a doubt about Federal crackdown on predatory financing welcomed Advocates says rules are very very long overdue, but loopholes must certanly be closed. For instant launch COLUMBUS, OH – Consumer advocates applauded brand brand new federal laws against predatory financing throughout a news seminar Monday, but revealed a few weaknesses that must definitely be […]

Proceed To Pull Customer Protection Rule Heightens Debate Over Payday Lending During a recently available meal hour in Springfield, Va., a medical associate called Angela stepped right into a branch of Advance America at a strip shopping center and asked for a financial loan. She’d borrow $300 and guarantee to pay for it right right […]

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