Archive for the ‘Tennessee Payday Loan’ Category

Voters Desire Payday Lending Protection, Regulators Look For Less

Tuesday, December 22nd, 2020

Voters Desire Payday Lending Protection, Regulators Look For Less

By Charlene Crowell

As soon as upon a right amount of time in Washington, Congress enacted the Dodd-Frank Wall Street Reform Act that can created the customer Financial Protection Bureau (CFPB). A federal agency was charged to be the consumers’ ‘financial cop on the beat’ for the first time. In its first four years, CFPB received 354,600 consumer complaints that resulted in $3.8 billion in restitution.

The good news is, under various management deregulation has swung the general public policy pendulum within the other way. an effort that is bold gain company and commerce centers on growing clients while using the teeth away from customer security using the blessings of federal regulators. (more…)