CFPB Attempting to Roll Back Protections Against Pay Day Loans
Jay Williams In January, Consumer Financial Protection Bureau (CFPB) Director, Kathy Kraninger, continued the efforts of her predecessor, Mick Mulvaney, and proposed a rule change to a regulation that is aimed at stopping the debt trap that some low-income wage earners face when they access payday loans. Payday loans allow advance payments on a
