CFPB provides light that is green predatory payday loan providers
Friday, March 5th, 2021The Consumer Financial Protection Bureau (CFPB) recently took an ill-advised and untimely action as continues to wreak havoc throughout the country.
On July 7, the agency gutted a unique 2017 payday guideline that needed lenders to first see whether a customer could manage to repay the high-cost loan.
The pain sensation due to the CFPB gutting the payday guideline will be experienced many by people who can minimum manage it, including communities of color that are disproportionately targeted by payday lenders.”