CFPB Proposed Payday Rules Fill Ca Customer Protection Void
GUIDELINES WILL PROVIDE NECESSARY PROTECTIONS FOR CA CONSUMERS
March 26, 2015вЂ”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
вЂњThe California Reinvestment Coalition applauds the CFPBвЂ™s proposal to give you strong consumer defenses for borrowers of high-cost payday along with other predatory loans like auto-title loans.