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Cortez Masto, Senate Democrats Need Answers About CFPB Choice to eradicate Payday Lending Protections

Cortez Masto, Senate Democrats Need Answers About CFPB Choice to eradicate Payday Lending Protections

Washington, D.C. – U.S. Senator Catherine Cortez Masto (D-Nev.) accompanied Senator Jeff Merkley (D-Ore.) while the entire Senate Democratic Caucus in opposing the customer Financial Protection Bureau’s (CFPB) attempt that is new gut a unique payday security rule.

“Repealing this guideline provides a light that is green the payday financing industry to victim on susceptible US consumers,” penned the senators in a page to Trump-appointed CFPB Director Kathy Kraninger.