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CFPB Eliminates Consumer Protections from Payday and Vehicle Title Loans During COVID-19 Pandemic

CFPB Eliminates Consumer Protections from Payday and Vehicle Title Loans During COVID-19 Pandemic

CFPB Eliminates Consumer Protections from Payday and Vehicle Title Loans During COVID-19 Pandemic

Crucial Georgia Usury Cap ought to be Expanded to safeguard Consumers through the financial obligation Trap

Yesterday, the buyer Financial Protection Bureau (CFPB) eliminated customer defenses against predatory payday and automobile name loan providers, making Georgia families subjected to the harms of vehicle name financing. While Georgia’s usury cap provides defenses through the pay day loan debt trap, abusive automobile title lending nevertheless plagues Georgia. Leer más Acerca deCFPB Eliminates Consumer Protections from Payday and Vehicle Title Loans During COVID-19 Pandemic