Cash Speaks: Meet Up With The Payday Business Cronies Testifying at Today’s Sham Congressional Hearing

Cash Speaks: Meet Up With The Payday Business Cronies Testifying at Today’s Sham Congressional Hearing

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the finance institutions and credit rating Subcommittee regarding the House Financial solutions Committee online payday loans Burlington same day will hold a hearing entitled “Short-term, tiny Dollar Lending: the CFPB’s Assault on usage of Credit and Trampling of State and Tribal Sovereignty.”

In after taking out payday and other short-term, high-interest loans if you could not tell from the title alone, the hearing is not meant shed any light on the debt trap many borrowers find themselves. Alternatively, the lending that is payday’s allies in Congress are keeping this sham of a hearing to strike the buyer Financial Protection Bureau (CFPB) because it makes brand brand brand new guidelines to rein within the worst of the predatory loan providers.