Press Announcements. Payday Lenders Adept at Evading State Law, Democratic Committee Staff Report Finds

Press Announcements. Payday Lenders Adept at Evading State Law, Democratic Committee Staff Report Finds

Payday Lenders Adept at Evading State Law, Democratic Committee Staff Report Finds

Case Studies in Five States Highlight Dependence On Intense Federal Consumer Protections

State-level legislation of this payday financing industry is insufficient in protecting customers, a House Financial solutions Committee Democratic staff report unveiled, underscoring the necessity for strong federal customer defenses.

Because of the reputation for abuse in payday lending, numerous states have actually tried to limit most of these loans to be able to protect consumers. Read more