Congress: Hands Off Brand Brand New Rule Protecting Families from Payday Lenders

Congress: Hands Off Brand Brand New Rule Protecting Families from Payday Lenders

Initially starred in the Durham Herald and finalized by both Larry Hall, Secretary regarding the NC Department of Military and Veterans Affairs, and Jennifer Copeland, Executive Director associated with the NC Council of Churches.

Ignoring the sounds of families and communities who’ve struggled to obtain a long time for rest from the harms of predatory payday financing, a number of users of Congress have actually introduced legislation that could nullify the buyer Financial Protection Bureau’s nationwide guideline to rein in payday financing abuses. Their legislation makes use of Congressional Review Act authority to repeal the guideline and avoid the buyer Bureau from issuing an identical guideline as time goes by, providing predatory payday and automobile name loan providers a free pass. Continue reading “Congress: Hands Off Brand Brand New Rule Protecting Families from Payday Lenders”