AFR into the News: Liberal Groups straight straight straight Back вЂOperation Choke PointвЂ™
In CQ, reporter Ben Weyl quotes from a joint AFR/CFA/NCLC letter to Senators: вЂњFighting 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.вЂќ As Weyl continues on to notice, вЂњConservative activists and GOP lawmakers have actually accused the national government of pursuing law-abiding companies that cross the managementвЂ™s agenda, including weapon vendors.вЂќ 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 BureauвЂ™s latest report on payday financing reaffirms just exactly exactly exactly exactly what the BureauвЂ™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.