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GUEST EDITORIAL Financial regulators are paving the means for predatory loan providers

by hhjgcz on 31. Mai 2021 No comments

GUEST EDITORIAL Financial regulators are paving the means for predatory loan providers

Federal regulators appear to be doing their utmost to allow predatory loan providers to swarm our state and proliferate.

Final thirty days, the customer Financial Protection Bureau rescinded a vital lending reform that is payday. As well as on July 20, a bank regulator proposed a guideline that could enable predatory loan providers to use even yet in breach of a situation interest price cap – by paying out-of-state banking institutions to pose whilst the lender that is“true for the loans the predatory loan provider areas, makes and manages.

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hhjgczGUEST EDITORIAL Financial regulators are paving the means for predatory loan providers