AFR into the News: Liberal Groups right right Back вЂOperation Choke PointвЂ™
In CQ, reporter Ben Weyl quotes from a joint AFR/CFA/NCLC letter to Senators: вЂњFighting re re re payment fraudulence shouldn’t be controversial. Everyone else advantages from efforts to avoid unlawful activity that utilizes the re re re re payment system.вЂќ As Weyl continues to see, вЂњConservative activists and GOP lawmakers have actually accused the federal government of pursuing law-abiding companies that cross the managementвЂ™s agenda, including weapon vendors.вЂќ Nevertheless the investigations that are known in the name of procedure Choke Point have all been directed at out-and-out-fraud.
AFR Calls for Strong Guidelines on Payday Lending
The customer Financial Protection BureauвЂ™s latest report on payday financing reaffirms just just what the BureauвЂ™s initial research revealed a 12 months ago: these ultra-high-cost loans, while promoted as a type of emergency credit, regularly trigger a period of financial obligation. Even with having to pay significant charges, numerous borrowers find yourself вЂњowing as much or higher to their really final loan as the whole quantity that they had lent initially,вЂќ CFPB Director Richard Cordray revealed.
Lawmakers Straight Straight Back DOJ Crackdown on Illegal Utilization Of Bank Payment Techniques
вЂњDepartment enforcement plays a role that is critical ensuring banking institutions and re re payment processors meet their appropriate obligations,вЂќ the lawmakers state in a letter to Attorney General Eric Holder. Continue reading