If I remember right isn’t that Payday Loan scam run by a bunch of senators and congressmen and politicians? The whole predatory practice needs to go away it’s like me agreeing to be robbed by a robber who has no gun. Lol
“Subcommittee on Economic and Consumer Policy to Examine CFBP Proposed Repeal of the Payday Lending Rule May 15, 2019 Press Release
Washington, D.C. (May 15, 2019)—On Thursday, May 16, 2019, the Subcommittee on Economic and Consumer Policy will hold a hearing on “CFPB’s Role in Empowering Predatory Lenders: Examining the Proposed Repeal of the Payday Lending Rule.”
WHERE: 2154 Rayburn House Office Building
WHEN: Thursday, May 16, 2019
TIME: 2:00 p.m.
A livestream will be broadcast here. https://www.youtube.com/channel/UCXSlyao4qkUFiPqghptHtZA
This hearing will examine: (1) the integrity of the Consumer Financial Protection Bureau’s (CFBP) rulemaking relating to the payday lending industry; and (2) the proposed rule on Payday, Vehicle Title, and Certain High-Cost Installment Loans.
Annually, around 12 million Americans use payday or auto title loans. Payday loans offer borrowers a small loan—on average, around $350—due in two weeks or less. Payday loan repayment is timed to coincide with…
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