Brown Urges Action to end Predatory Payday Lending

Brown Urges Action to end Predatory Payday Lending WASHINGTON, D.C. – U.S. Sen. Sherrod Brown (D-OH) –– ranking person in the U.S. Senate Committee on Banking, Housing, and Urban Affairs –– urged the nation’s top consumer agency to determine strong guidelines to combat predatory techniques within the pay day loan market. The customer Financial Protection Bureau (CFPB) happens to be considering brand new guidelines to deal with payday financing, a training that frequently traps borrowers in https://loanmaxtitleloans.info/payday-loans-va/ a period of financial obligation . In a page to CFPB Director Richard Cordray, Brown joined more than 30 Senators in calling on …