Harris Joins Colleagues in Opposition to CFPB’s Payday Predator Protection Arrange

Harris Joins Colleagues in Opposition to CFPB’s Payday Predator Protection Arrange

Today’s push ended up being accompanied by every person in the Senate Democratic Caucus.

“Repealing this guideline provides a light that is green the payday lending industry to victim on vulnerable US customers,” penned the senators in a page to CFPB Director Kathy Kraninger. “In drafting these devastating changes to the Payday Rule, the CFPB is ignoring one of the more fundamental concepts of customer finance — a person really should not be offered a predatory loan they cannot pay off.”

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