Category Archives: payday alternative loans

“Dear CFPB” wish listings urge action on mortgages, payday advances, prepaid cards

The buyer Financial Protection Bureau has exposed for company, its mailbox piled high with wish-lists from customer advocacy teams in what the agency that is new tackle first.

The arrival of the CFPB, the banking industry and other financial services providers such as payday lenders, debt collectors, consumer credit bureaus and credit card issuers are less enthusiastic and worry that any new regulations could be costly and burdensome while consumer groups cheer. Many Republican lawmakers share those issues and now have threatened to block the Senate nomination of Richard Cordray to go the agency. Continue reading