Without a doubt about Under Trump, an innovative new Golden Age for Payday Lending

Without a doubt about Under Trump, an innovative new Golden Age for Payday Lending

A deregulatory push led by top-level Republicans could reverse the clock to your heyday of predatory financing.

Payday lenders—those usurious operations that benefit from supplying high-interest loans to working-class and poor Americans—have seen their prospects improve considerably underneath the Trump management and also the Republican Congress.

A joint quality introduced a week ago by sc Republican Senator Lindsey Graham would eradicate strict laws on short-term, small-dollar lenders imposed by the federal Consumer Financial Protection Bureau (CFPB) and stop the agency from issuing the same guideline later on. „Without a doubt about Under Trump, an innovative new Golden Age for Payday Lending“ weiterlesen