BLACK AND LATINO LEADERS HELP STRONGER LEGISLATION OF PAYDAY AND CAR-TITLE LOANS
BLACK AND LATINO LEADERS HELP STRONGER LEGISLATION OF PAYDAY AND CAR-TITLE LOANS By Charlene Crowell (NNPA News Wire Columnist) how many payday loans can you have in Oxfordshire For over ten years, civil liberties companies, work, clergy, and customer advocates have actually battled to get rid of triple-digit interest levels on tiny dollar loans. The push has been to free America’s working families and consumers of color from fees that can double, or even triple the amount of money borrowed whether it was a high-cost installment, payday or car-title loan. Now, after several years of research, general public hearings and advisory discussion boards, on June 2 the buyer Financial Protection Bureau (CFPB) announced a long-awaited proposed rule. Talking before a hearing that is public Kansas City, Richard Cordray, CFPB’s manager, talked towards the ultimate consumer objective associated with the proposed rule. […]