By Charlene Crowell NNPA Information Wire Columnist
For a long time misleading and predatory loan providers have actually bilked millions of trusting consumers from their hard-earned monies, while customer advocates have battled right right right back for fair and clear financing. On February 11, another round that is contentious of on debt-trap lending took place on Capitol Hill. Unlike past discussion boards, nevertheless, this 1 included a bias that is open.
A subcommittee of House Financial Services, held a hearing known as, вЂњShort-term, tiny Dollar Lending: the CFPBвЂ™s [Consumer Financial Protection Bureau] Assault on use of Credit and Trampling of State and Tribal Sovereignty.вЂќ