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Tag Archives Payday Lending the customer Financial Protection Bureau’s report that is latest on payday financing

AFR into the News: Liberal Groups straight straight straight Back ‘Operation Choke Point’

In CQ, reporter Ben Weyl quotes from a joint AFR/CFA/NCLC letter to Senators: “Fighting re re re payment fraudulence really should not be controversial. Everyone else advantages from efforts to prevent unlawful activity that hinges on the re payment system.” As Weyl continues on to notice, “Conservative activists and GOP lawmakers have actually accused the national government of pursuing law-abiding companies that cross the management’s agenda, including weapon vendors.” Nevertheless the investigations that are known in the title of process Choke Point have all been directed at out-and-out-fraud.

AFR Calls for Strong Guidelines on Payday Lending

The buyer Financial Protection Bureau’s latest report on payday financing reaffirms just exactly exactly exactly exactly what the Bureau’s initial research revealed this past year: these ultra-high-cost loans, while promoted as a type of emergency credit, regularly cause a period of financial obligation.