Payday Loan Providers Cry Crocodile Rips After CFPB Precisely Categorizes Suspicious People Reviews Opposing Payday Guideline

RHETORIC: The payday lending industry’s primary trade team states the CFPB was incorrectly categorizing general public commentary that compared the Bureau’s proposed payday financing guideline as “duplicative, mass mail, or kind letters—when they plainly are not.”

Politico reported on 18 that payday loan providers is disturb because of the customer Financial safeguards Bureau (CFPB) over their “handling of feedback for a guideline that could need loan providers to ensure their borrowers are able to repay their loans. april”