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 OFFER NECESSARY PROTECTIONS FOR CA CUSTOMERS

March 26, 2015—Richmond, VA- Paulina Gonzalez, the executive manager of this California Reinvestment Coalition (CRC), is supposed 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, vehicle name, deposit advance and specific high-cost installment and open-end loans.

Gonzalez circulated the following declaration:

“The California Reinvestment Coalition applauds the CFPB’s proposition to offer consumer that is strong for borrowers of high-cost payday along with other predatory loans like auto-title loans. […]

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