More Good News for PDL's

Published: Tue, 01/15/19

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In case you missed this;

Great News for the "Business of Lending Money to the Masses!"

This just out from American Banker: http://geni.us/American-Banker-CFPB

Here's part of the Article.
Click the link to visit American Banker and digest all the positive ramifications!

"Such a course would gut the centerpiece of a rule that consumer advocates had hailed as a preventive measure against spiraling debt for consumers who rely on short-term credit.

The agency under then-acting CFPB Director Mulvaney signaled its intent to reopen the rule as far back as January 2018. Now the acting White House chief of staff, Mulvaney sided with two payday lending trade groups that sued the CFPB in April to invalidate the regulatory restrictions.

In court documents, the CFPB argued that payday lenders would suffer "irreparable harm" from the 2017 final payday rule and that it was "in the public interest" to reopen the rulemaking."

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Jer@PaydayLoanIndustryBlog.com