Category: Ohio Payday Loans Online


Peters, Colleagues Warn CFPB Against Repeal of Rule Cracking Down On Predatory Payday Lending Schemes

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WASHINGTON, D.C. – U.S. Senator Gary Peters (D-MI) joined up with 42 of their Senate peers in giving a letter to Consumer Financial Protection Bureau (CFPB) Acting Director Leandra English and Office of Management and Budget (OMB) Director Mick Mulvaney urging them to finish any efforts to undermine and repeal the CFPB’s lending rule that is payday. The guideline represents a crucial help reining in predatory company techniques by payday loan providers nationwide that will exploit the economic hardships dealing with an incredible number of hardworking families.