Latest News
Showing the Latest Public Comment Results
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New FCC Filing: Sinclair Merger Violates Current Law, Fails to Meet FCC’s Own Rules
New FCC filing also details recent moves and proposed rules changes by FCC designed to assist Sinclair’s proposed merger.
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The Times and Democrat: Payday Lending Stories Not Real
Eric Peters came out swinging (T&D, Oct. 1) against the Consumer Financial Protection Bureau’s effort to crack down on predatory payday lenders. To bolster his untenable position, he cited the purportedly personal stories of happy payday loan customers submitted to the CFPB and spotlighted by a payday industry-backed special interest group in Washington. Unfortunately, Peters failed to inform readers that hundreds, if not thousands, of the supposedly unique and personal payday loan-supportive stories he pointed to used many of the exact same sentences and paragraphs.
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Politico: Payday-Lending Crackdown Draws 1.4 Million Letters of Protest
“It’s very suspicious,” said Karl Frisch, executive director of Allied Progress, a left-leaning nonprofit. “We’re not just talking about language that’s nice to payday lenders. Or talks about a generic need for a payday loan. We’re talking about specific experiences that are repeated in letters.”
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With Public Comment Ending Tonight, CFPB Must Scrutinize Suspicious Pro-Payday Submissions
Individually submitted “personal” public comments defending industry contained many of the exact same sentences.
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Counter Punch: How the Payday Loan Industry is Obstructing Reform
With the CFPB proposals, the payday loan industry is not only asserting its own interests to stop the reforms contrary to public interest, but they are manufacturing public opinions to distort popular consensus on the guidelines in their favor.
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CFPB Must Closely Scrutinize Comments Opposing Proposed Payday Lending Rule
After payday lenders put spotlight on consumers with remarkably similar “personal” stories, Allied Progress calls for greater scrutiny.