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Report: Review of Payday Complaints Reveals Requirement For More Powerful Federal Protections
CONTACT:Mike Litt, U.S. PIRG Education Fund workplace: (202) 461-3830 Cell: (702) 427-1608mlitt@pirg.org
Report: Research of Payday Complaints Reveals Requirement For More Powerful Federal Protections
Washington, D.C. – customer complaints about payday advances to your customer Financial Protection Bureau (CFPB) reveal a need that is critical strengthening the agency’s proposed guideline to rein in pay day loans along with other high-cost financing, in accordance with a study released today by the U.S. PIRG Education Fund.
“Our analysis of written complaints to your CFPB discovered significant proof of the problem that is major payday advances: borrowers can’t pay for these loans and become caught in a period of financial obligation. Continue reading „Information Launch Review of Payday Complaints Reveals Requirement For More Powerful Federal Protections“