Customer Financial Protection Bureau holds stance against added payday debtor protections

Customer Financial Protection Bureau holds stance against added payday debtor protections

WASHINGTON – The Consumer Financial Protection Bureau has not yet budged on its June choice cutting protections that are additional.

“There had been insufficient proof and appropriate help of these requirements,” CFPB Director Kathleen Kraninger had written in a Sep. 23 letter to Rep. Maxine Waters, D-California, that is chairwoman associated with House Financial solutions Committee and a critic for the agency’s move. (more…)

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