Another lie from a dishonest administration
in offhand comment, payday loan industry exec acknowledges holding negotiations with CFPB before the agency rolled back a key reg slated to take effect this year. This directly contradicts a CFPB official statement made to WaPo earlier this week. https://t.co/keK1BqHzrj
— Catherine Rampell (@crampell) February 28, 2019
THIS IS HOW PAYDAY LENDING WORKS-
— Stephanie Ruhle (@SRuhle) February 8, 2019
the industry has a very powerful lobby
the borrowers can’t afford to get out of mountains of personal debt-they certainly don’t have a lobby
I invite anyone from CFPB to explain WHY regulations are being rolled backhttps://t.co/eyzrTH4Ek1
If you care more about reality than rhetoric, you ought to be focused on the huge win Trump handed PAYDAY LENDERS yesterday. It could hurt millions of low-income Americans each year. It's a much bigger deal than most of the cheap talk in #SOTU. https://t.co/y7UyHiAxmL
— James Hohmann (@jameshohmann) February 7, 2019
Payday lenders won a major victory after the Consumer Financial Protection Bureau moved to gut tougher restrictions that were to take effect later this year https://t.co/Kk7fwlJn86
— The New York Times (@nytimes) February 7, 2019
Sad! 