CFPB Proposed Payday Rules Fill Ca Customer Protection Void
GUIDELINES WILL PROVIDE NECESSARY PROTECTIONS FOR CALIFORNIA CUSTOMERS
March 26, 2015вЂ”Richmond, VA- Paulina Gonzalez, the executive manager of this California Reinvestment Coalition (CRC), will soon be today that is speaking a CFPB field hearing centered on payday lending, during that the CFPB will preview the proposed guidelines it is considering for payday, automobile name, deposit advance and particular high-cost installment and open-end loans.
Gonzalez circulated the following declaration:
вЂњThe California Reinvestment Coalition applauds the CFPBвЂ™s proposition to produce consumer that is strong for borrowers of high-cost payday along with other predatory loans like auto-title loans. Continue reading