Maintain Arizona's Small Loan Law: CEI/CFA Comment Letter Fed Rule Payday & Auto Title Loans
CFPB Comment Period Closed Oct 7th 2016. Thousands of people from across the country-veterans, seniors, single parents, and families struggling to make ends meet-shared their personal stories of what it's like living in a never-ending debt trap and facing serious financial harm, such as losing cars and being unable to pay rent and other essential living expenses."CFPB has engaged in a long and thorough process to research these industries and evaluate potential rulemaking approaches. Now more than ever they should put forth a strong rule that is free of loopholes and can stop the debt trap and provide a level playing field for lenders across the board." Mike Calhoun
You can read The Center for Economic Integrity Comment Letter Submitted to the CFPB HERE
The Consumer Financial Protection Bureau (CFPB) is a federal regulatory agency whose primary responsibility is to make sure banks, lenders and other financial institutions treat YOU the consumer fairly.
The CFPB implements and enforces federal consumer financial laws to ensure that all consumers have access to markets for consumer financial products and services that are fair, transparent, and competitive.
Initial analysis of the CFPB rule on payday and auto title lending by the Center for Responsible Lending. Read CRL Analysis
Rural Family Asset Development
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