Republican Destruction of CONSUMER Financial PROTECTION Bureau Now Includes Siding with Payday Lenders Over CONSUMERS
Kathy Kraninger gutted the CFPB rule that attempts to stop payday lenders from trapping borrowers in cycles of debt. Shameful.
The Consumer Financial Protection Bureau on Wednesday proposed significantly weakening Obama-era rules governing payday lenders, boosting the fortunes of an industry accused of keeping low-income borrowers trapped in a cycle of debt.