GUEST EDITORIAL: economic regulators are paving the way in which for predatory loan providers

GUEST EDITORIAL: economic regulators are paving the way in which for predatory loan providers

Federal regulators appear to be doing their finest to permit predatory loan providers to swarm our state and proliferate.

Final thirty days, the customer Financial Protection Bureau rescinded an important payday lending reform. As well as on July 20, a bank regulator proposed a guideline that will enable predatory loan providers to work even yet in violation of a situation interest price cap – by paying out-of-state banking institutions to pose due to the fact lender that is“true for the loans the predatory loan provider areas, makes and manages. Continue lendo “GUEST EDITORIAL: economic regulators are paving the way in which for predatory loan providers”