Let me make it clear about brand brand New Rules To Ban Payday Lending ‘Debt Traps’

Let me make it clear about brand brand New Rules To Ban Payday Lending ‘Debt Traps’

The buyer Financial Protection Bureau on Thursday is proposing regulations that are new protect customers from predatory financing techniques that the CFPB’s top regulator calls “debt traps.”

Americans are being “create to fail” by payday and auto-title loan providers, Richard Cordray, the manager of this customer Financial Protection Bureau, informs NPR. Continue reading