Payday Loan Providers Cry Crocodile Rips After CFPB Precisely Categorizes Suspicious People Reviews Opposing Payday Guideline
RHETORIC: The payday lending industryвЂ™s primary trade team states the CFPB was incorrectly categorizing general public commentary that compared the BureauвЂ™s proposed payday financing guideline as вЂњduplicative, mass mail, or kind lettersвЂ”when they plainly are not.вЂќ
Politico reported on 18 that payday loan providers is disturb because of the customer Financial safeguards Bureau (CFPB) over their вЂњhandling of feedback for a guideline that could need loan providers to ensure their borrowers are able to repay their loans. aprilвЂќ
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