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Raskin, Waters, 100 Customers Blast CFPB Giveaways to Predatory Payday Lenders

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Raskin, Waters, 100 Customers Blast CFPB Giveaways to Predatory Payday Lenders

(WASHINGTON, D.C. ) – Congressman Jamie Raskin (D-MD) joined up with Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and 100 people in Congress in giving a page to Kathy Kraninger, Director associated with Consumer Financial Protection Bureau (customer Bureau), calling on her behalf to reconsider the customer Bureau’s final rule to postpone the initial August 19, 2019 conformity date when it comes to 2017 Payday, Vehicle Title, and Certain High-Cost Installment Loans Rule (Payday Rule). Additionally, the customer Bureau has yet to inquire of a court to lift a stay the agency asked for so your repayment conditions regarding the Payday Rule could possibly be implemented without further wait. Read More