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Column: Federal regulators step up their campaign against predatory payday lenders and their rip-offs

Por: Los Angeles Times Business July 24, 2024

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In 2017, the federal government was poised to give low-income consumers a respite from the myriad abuses and rip-offs visited on them by the payday lending industry. The Consumer Financial Protection Bureau, created in 2010 as part of the banking reforms enacted after the 2008 financial meltdown, had completed a five-year project to finalize a rule that would prevent payday and installment lenders from predatory practices such as enticing... + full article



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