Categories
Rhode Island online payday loans

CFPB Proposed Payday Rules Fill Ca Customer Protection Void

CFPB Proposed Payday Rules Fill Ca Customer Protection Void

CFPB Proposed Payday Rules Fill Ca Customer Protection Void

GUIDELINES WILL PROVIDE NECESSARY PROTECTIONS FOR CA CONSUMERS

March 26, 2015—Richmond, VA- Paulina Gonzalez, the executive manager of this California Reinvestment Coalition (CRC), will likely to be today that is speaking a CFPB field hearing centered on payday lending, during that your CFPB will preview the proposed guidelines it is considering for payday, automobile name, deposit advance and specific high-cost installment and open-end loans.

Gonzalez released the statement that is following

“The California Reinvestment Coalition applauds the CFPB’s proposal to give you strong consumer defenses for borrowers of high-cost payday along with other predatory loans like auto-title loans.