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Showing the Latest Payday Industry Results
Adding to the unceremonious end of the Trump administration, acting Trump Comptroller of the Currency Brian Brooks finalized a ridiculous rule on his way out the door pressuring banking institutions to finance industries that pose reputational risk and have histories of harming consumers, like predatory payday lenders, big gun manufacturers, and dirty energy companies.
Predatory Lenders Profiting Off Struggling Families During Recession, A Reminder Why CFPB Shouldn’t Gut Payday Protections
While over 20 million Americans have lost their jobs amid a worsening recession, the payday loan industry appears to be thriving as it skirts state usury protections to target vulnerable families online with triple-digit interest rates.