Cash Speaks: Meet With The Payday Business Cronies Testifying at Today’s Sham Congressional Hearing

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Cash Speaks: Meet With The Payday Business Cronies Testifying at Today’s Sham Congressional Hearing

Cash Speaks: Meet With The Payday Business Cronies Testifying at Today’s Sham Congressional Hearing

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the banking institutions and credit rating Subcommittee associated with House Financial solutions Committee will hold a hearing entitled “Short-term, tiny Dollar Lending: the CFPB’s Assault on use of Credit and Trampling of State and Tribal Sovereignty.”

In after taking out payday and other short-term, high-interest loans if you could not tell from the title alone, the hearing is not meant shed any light on the debt trap many borrowers find themselves. Alternatively, the lending that is payday’s allies in Congress are keeping this sham of a hearing to strike the customer Financial Protection Bureau (CFPB) because it makes brand brand new guidelines to rein into the worst among these predatory loan providers.