Posted on

GUEST EDITORIAL: monetary regulators are paving just how for predatory loan providers

GUEST EDITORIAL: monetary regulators are paving just how for predatory loan providers

Federal regulators appear to be doing their utmost to permit lenders that are predatory swarm our state and proliferate.

Final month, the online title loans with no credit check Massachusetts buyer Financial Protection Bureau rescinded an important lending reform that is payday. As well as on July 20, a bank regulator proposed a guideline that could enable predatory loan providers to use even yet in breach of a situation interest price cap – by paying out-of-state banking institutions to pose because the “true lender” for the loans the predatory lender markets, makes and manages. Continue reading GUEST EDITORIAL: monetary regulators are paving just how for predatory loan providers