Merkley introduces bill to split straight down on payday loan providers

Merkley introduces bill to split straight down on payday loan providers

WASHINGTON – Senator Jeff Merkley and Reps. Suzanne Bonamici and Elijah Cummings introduced the Stopping Abuse and Fraud in Electronic (SECURE) Lending Act Tuesday, geared towards cracking down on a few of the worst abuses of this lending that is payday, especially in online payday lending, and protect customers from misleading and predatory methods that strip wide range from working families.

The Consumer Financial Protection Bureau, which previously was set to institute national rules related to payday loans, has suddenly reversed course on consumer protections from payday predators under Trump administration leadership. “Merkley introduces bill to split straight down on payday loan providers” の続きを読む