Remarks by Richard Cordray during the Payday Loan Field Hearing in Birmingham, AL

Remarks by Richard Cordray during the Payday Loan Field Hearing in Birmingham, AL

Our company is in Birmingham to put up our very first industry hearing on payday lending.

Dr. Martin Luther King, Jr. as soon as stated, “The dignity of this person will grow once the decisions concerning their life have been in their very own fingers, as he gets the way to seek self-improvement.”

In the customer Financial Protection Bureau, we profoundly rely on empowering individuals in order to make informed monetary choices and just just just take duty for everyone decisions.

Before we start this hearing, i am going to take a few momemts to talk about the payday financing market and our role in overseeing it. Continue reading “Remarks by Richard Cordray during the Payday Loan Field Hearing in Birmingham, AL”