WASHINGTON, DC – More than 400,000 comments so far, asking for a stronger, smarter rule on payday lending have flooded the Consumer Financial Protection Bureau (CFPB) since a draft proposal on the rule was unveiled in June, consumer advocates announced Wednesday. The comments were gathered as part of a nationwide effort to ensure the voices of […]
Sen. Jeff Merkley Joins Consumer Advocates to Release Personal Stories from Families Devastated By Payday Lending Industry
WASHINGTON, D.C. – The Stop the Debt Trap campaign will host a press teleconference on Wednesday, Oct. 5, at 11 a.m. EST/8 a.m. PST to discuss the overwhelming response from families urging the Consumer Financial Protection Bureau (CFPB) to strengthen its proposed rule on payday lending. The campaign will release a book of personal stories describing the devastating experiences […]