Customer Financial Protection Bureau’s (CFPB) Payday Lending Rule in Jeopardy – Hensarling, Hurd, and Sessions Could Vote to Gut significant New Protections
WASHINGTON, D.C. – Today, customer watchdog company Allied Progress released a chilling report that is new what sort of trio of Texas Congressmen and much more compared to a dozen other U.S. Senators and Representatives took thousands in campaign efforts from payday loan providers within times of using formal actions to profit the industry. The dubious timing of those efforts and actions taken raise serious concerns of a possible quid pro quo as Reps. Jeb Hensarling, Will Hurd, and Pete Sessions considers whether or not they will vote to repeal the buyer Financial Protection Bureau’s (CFPB) crucial payday financing rule.
“With a company model that traps scores of hardworking People in the us in apparently endless rounds of financial obligation every year, it really is barely astonishing that polls show payday loan providers are very nearly universally despised. Continue reading “Trio of Texas Congressmen Took Thousands from Payday Lenders Within times of using Actions to assist Industry”