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CFPB Proposed Payday Rules Fill Ca Customer Protection Void

CFPB Proposed Payday Rules Fill Ca Customer Protection Void

CFPB Proposed Payday Rules Fill California Customer Protection Void

GUIDELINES WILL PROVIDE NECESSARY PROTECTIONS FOR CALIFORNIA CUSTOMERS

March 26, 2015—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

“The California Reinvestment Coalition applauds the CFPB’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