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Congressman Jamie Raskin (D-MD) joined up with Congresswoman Maxine Waters (D-CA), Chairwoman of the home Committee on Financial Services, and 100 users of Congress in sending a page to Kathy Kraninger, Director associated with customer Financial Protection Bureau (customer Bureau), calling on her behalf to reconsider the buyer Bureau’s final guideline to wait the first August 19, 2019 conformity date when it comes to 2017 Payday, Vehicle Title, and Certain High-Cost Installment Loans Rule (Payday Rule). Additionally, the customer Bureau has yet to inquire of a court to lift a stay the agency requested so the re re payment conditions associated with Payday Rule might be implemented without further wait. Read more “Raskin, Waters, 100 Customers Blast CFPB Giveaways to Predatory Payday Lenders” →

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