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Jewish Community Comment to CFPB Regarding Predatory Payday Lending Rule

Workplace of this Executive Secretary

Customer Financial Protection Bureau

We, the undersigned Jewish companies, distribute this comment in strong help associated with the customer Financial Protection Bureau’s proposed rule regulating payday and car name loans. We also urge the CFPB to strengthen this guideline by producing clear item security criteria for pay day loans and getting rid of one other staying loopholes which make it feasible for loan providers to lead their clients into unsustainable rounds of financial obligation.