Congress: Hands Off Brand New Rule Protecting Families from Payday Lenders

Congress: Hands Off Brand New Rule Protecting Families from Payday Lenders

Initially starred in the Durham Herald and finalized by both Larry Hall, Secretary associated with the NC Department of Military and Veterans Affairs, and Jennifer Copeland, Executive Director associated with NC Council of Churches.

Ignoring the sounds of families and communities who possess struggled to obtain years for respite from the harms of predatory lending that is payday a a small number of people in Congress have actually introduced legislation that will nullify the customer Financial Protection Bureau’s nationwide guideline to rein in payday financing abuses. Their legislation makes use of Congressional Review Act authority to repeal the guideline and avoid the customer Bureau from issuing an identical guideline as time goes by, providing predatory payday and car name loan providers a pass that is free.

This legislation, introduced by Rep. […]