Page to Bank Regulators: Stop Bank Payday Financing
Some 250 advocates advised four federal regulators to get rid of the predatory practice of bank lending that is payday February https://www.badcreditloanshelp.net/payday-loans-fl/milton/ 22, 2012. The CFPB, OCC, FDIC and government book Board can and may stop Wells Fargo, people Bank, Fifth Third Bank and areas Bank from trapping their clients in long-lasting financial obligation at 400per cent annual interest.
Maps, video clip, slides while the current information on bank payday financing.
The Honorable Sarah Bloom Raskin, The Honorable Elizabeth A. Duke, The Honorable Daniel K. Tarullo
Dear President Bernanke, Manager Cordray, Acting President Gruenberg, and Acting Comptroller Walsh:
We compose to urge the federal regulators of y our country’s banking institutions to need action that is immediate stop banks from creating unaffordable, high-cost payday advances. (mais…)