CFPB Proposed Payday Rules Fill California Customer Protection Void
GUIDELINES WILL PROVIDE NECESSARY PROTECTIONS FOR CALIFORNIA CUSTOMERS
March 26, 2015вЂ”Richmond, VA- Paulina Gonzalez, the executive manager of this California Reinvestment Coalition (CRC), will undoubtedly be today that is speaking a CFPB field hearing centered on payday lending, during that the CFPB will preview the proposed guidelines it is considering for payday, vehicle name, deposit advance and specific high-cost installment and open-end loans.
Gonzalez circulated the statement that is following
вЂњThe California Reinvestment Coalition applauds the CFPBвЂ™s proposition to give you consumer that is strong for borrowers of high-cost payday as well as other predatory loans like auto-title loans. For a long time, our coalition users have advocated for state-level legislative payday financing reforms in Ca. Continue reading CFPB Proposed Payday Rules Fill Ca Customer Protection Void