Elizabeth Warren has taught Katie Porter well, it seems. She absolutely destroyed Kathy Kraninger's show of ignorance about how payday loans work.
Payday Loan companies donate to Mulvaney and Trump and get investigations dropped in return.
The Consumer Financial Protection Bureau needs to hear your support for strong rules to protect Americans from the predatory payday loan industry and their business model of trapping people in an endless cycle of debt.
Long overdue reforms via the Consumer's Financial Protection Bureau
Several groups are sounding the alarm about new nominees to the U.S. Postal Service Board of Governors. One is a notorious privatizer, another a payday lender lobbyist.
These complaints were often filed by courts with minimal review and based solely on the payday lender's word and frequently flimsy evidence.
One day late last year, Katrina Sutton stood at a gas pump outside Atlanta and swiped her debit card. Insufficient funds. But that couldn't be. She'd been careful to wait until her $270 paycheck from Walmart had hit her account. The money wasn't there? It was all she had. And without gas, she couldn't get to work...
As Rachel explains, the payday lending business, or what we used to call loan sharks, is fighting against any new regulations. As she noted, the mega-
As always, I await Elizabeth Warren's critique. But it doesn't take an expert to see that forbidding states from writing their own, tougher regulation
Because I live in a city (the unhip part), I actually know people who occasionally use payday lenders. And while the industry is ripe for all kinds of
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