Category: Easy Online Installment Loans In South Carolina

Allied Progress Presents Its 3rd group of Nominees when it comes to Payday Lender Hall of Shame

Allied Progress Presents Its 3rd group of Nominees when it comes to Payday Lender Hall of Shame

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The Trump-Kraninger CFPB Desires To Assist These High-Flying Payday Lender Executives Get Even Richer At Expense of Vulnerable Customers

WASHINGTON, D.C. – Consumer advocacy company Allied Progress unveiled its 3rd pair of nominees when it comes to Payday Lender Hall of Shame while the Trump management nevertheless intends to gut a consumer that is critical from the cash advance debt trap. This week, the very best professionals at Spartanburg, Southern Carolina-based Advance America have guaranteed the honor.

From an exclusive jet-loving administrator involved with almost a $19 million settlement over their company’s illegally excessive interest levels, up to a CEO whom led workers to intimidate borrowers at their workplaces, up to a VP whom dismisses payday lending caps as “arbitrary” while acknowledging Advance America’s average customers simply take seven or eight payday advances a 12 months, issue has got to be expected over and over: why are so many people such as this getting profitable unique therapy through the Trump management?

Previously this month, the Trump/Kraninger-controlled customer Financial Protection Bureau (CFPB) rolled down a proposition to undo a commonsense CFPB guideline through the Cordray-era needing payday and car-title loan providers to think about a borrower’s ability-to-repay before generally making a high-interest loan. Continue reading Allied Progress Presents Its 3rd group of Nominees when it comes to Payday Lender Hall of Shame