Archive for the ‘approved cash app’ Category

Ny remark page to CFPB on proposed lending rule that is payday

Montag, November 30th, 2020

Ny remark page to CFPB on proposed lending rule that is payday

Via Electronic Submission

The Honorable Richard CordrayConsumer Financial Protection Bureau1700 G Street NWWashington

Re: Proposed rulemaking on payday, automobile name, and specific high-cost installment loans, Docket No.

Dear Director Cordray:

We, the 131 signatories for this page, represent a cross-section that is diverse of officials, federal federal government, work, grassroots arranging, civil liberties, appropriate solutions, faith-based along with other community companies, along with community development finance institutions. We respectfully request that the CFPB count this page as 131 remarks.

Together, we urge one to issue a solid payday lending rule that ends the loan debt trap that is payday. Given that CFPB makes to issue a last guideline to deal with payday financing nationwide, we urge you not to ever undermine our state’s longstanding civil and criminal usury guidelines. Certainly, we urge one to issue a guideline that improves our current defenses. (mehr …)