CFPB holds hearing on payday and automobile name loans in Richmond, VA

CFPB holds hearing on payday and automobile name <a href="https://personalbadcreditloans.net/payday-loans-sc/travelers-rest/">https://personalbadcreditloans.net/payday-loans-sc/travelers-rest/</a> loans in Richmond, VA

On March 26, the CFPB held a hearing that is public payday and automobile title lending, the exact same time 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 lending that is“predatory of this East Coast,” suggesting that payday and car name loan providers had been a sizable the main issue. He stated that their office would target these loan providers in its efforts to control so-called abuses. Continue reading “CFPB holds hearing on payday and automobile name loans in Richmond, VA”