Business

CFPB Gives a Green Light to Predatory Payday Lenders

       This regulatory reversal represents a financial favor to pay-day and car-title lenders, and certain harm to consumers who are just a few hundred dollars short for their monthly expenses. In very real and measurable ways, the agency created to protect consumers gave a green light to predatory lenders to continue to prey upon the nation’s poorest and most vulnerable consumers.  […]