SENIORS, COMMUNITIES OF COLOR CAN TAKE ADVANTAGE OF SAFEGUARDS IN NEW RULE
in reaction to new pay day loan guidelines released by the customer Financial Protection Bureau today, Paulina Gonzalez, executive manager of this California Reinvestment Coalition, released the following declaration:
вЂњ Here in Ca, seniors had been the biggest number of borrowers whom utilized pay day loans a year ago- an alarming statistic, specially because so many take a set earnings that produces paying down these loans very hard. Analysis has additionally discovered that the greater quantity of these loan providers in a residential area, the even even even even worse the health that is financial for customers surviving in that community.
The significance of this guideline for protecting seniors, communities of color, and all sorts of families that are working utilize pay day loans can not be overstated. Leer más Acerca deCalifornia Reinvestment Coalition Applauds CFPB for Brand Brand New Federal Regulations to guard Cash Advance Borrowers …