Payday Lenders – Consumer Financial Protection Bureau Hurts Consumers – Rewards Payday Lenders
Consumers in states that are burdened by predatory payday lending are reeling from today’s announcement that the Consumer Financial Protection Bureau (CFPB) plans to gut its 2017 Payday Lending rule. Fortunately, Colorado recently put in place the most effective protection, a 36% cap on annual interest rates for payday loans, because of the recent overwhelming [...]