Today thank you, Congresswoman Sewell and U.S. Attorney Vance for joining us. We have been in Birmingham to put up our very first industry hearing on payday financing.
Dr. Martin Luther King, Jr. as soon as said, вЂњThe dignity regarding the person will grow as soon as the decisions concerning their life come in their very own fingers, as he has got the methods to look for self-improvement.вЂќ
During the Consumer Financial Protection Bureau, we deeply have confidence in empowering individuals in order to make informed financial choices and just simply take duty for people choices.
Before we start this hearing, i am going to simply take a couple of minutes to go over the payday financing market and our part in overseeing it. I would ike to stress once again that this can be a industry hearing. (más…)