customer Finance Monitor a general public hearing on payday and automobile title lending, exactly the same time so it relea

CFPB, Federal Agencies, State Agencies, and Attorneys General

On March 26, the CFPB held a hearing that is public payday and automobile title lending, the exact same time so it circulated proposed laws for short-term small-dollar loans. Virginia Attorney General, Mark Herring offered starting remarks, during which he asserted that Virginia is regarded as the “predatory lending capital regarding the East Coast,” suggesting that payday and auto name loan providers had been a sizable an element of the issue. He stated that their workplace would target these lenders with its efforts to control so-called abuses. Plus »