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MERKLEY ANNOUNCES LEGISLATION TO CRACK DOWN ON PAYDAY LENDERS

MERKLEY ANNOUNCES LEGISLATION TO CRACK DOWN ON PAYDAY LENDERS

Senator calls on customer Financial Protection Bureau to shut loopholes and establish rules for payday loan providers

Portland, OR – Oregon’s Senator Jeff Merkley today announced their intent to introduce federal payday legislation to determine strong guidelines for payday lenders and close loopholes on online and overseas payday financing internet internet sites. Today, Merkley additionally delivered a page to Consumer Financial Protection Bureau (CFPB) Director Richard Cordray to ask him to do this against payday loan providers. “Millions of People in online payday loans South Carolina america are influenced by the abusive and misleading lending that is payday across our nation and on the internet,” said Merkley. Continue reading “MERKLEY ANNOUNCES LEGISLATION TO CRACK DOWN ON PAYDAY LENDERS”

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