Warner, Kaine Warn CFPB Never To Repeal Rule That Cracks Down On Predatory Payday Lending

Warner, Kaine Warn CFPB Never To Repeal Rule That Cracks Down On Predatory Payday Lending Payday lending rule was created over 5 years after CFPB reviewed one or more million general public opinions WASHINGTON — U.S. Sens. Mark R. Warner and Tim Kaine (both D-VA) joined up with a team of 41 Senators in a page to Consumer Financial Protection Bureau (CFPB) Acting Director Leandra English and workplace of Management and Budget (OMB) Director Mick Mulvaney urging them to get rid of any efforts to undermine and repeal the CFPB’s lending rule that is payday. The guideline represents a crucial step up reining in predatory …

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