We joined the CFPB in Richmond Thursday for the industry hearing on a proposed guideline to manage lending that is payday comparable high-cost short-term loans. The CFPB’s draft guideline is comprehensive, addressing many different loans, nonetheless it contains possible loopholes before it finalizes this important effort that we and other advocates will urge the bureau to close. Listed here is a brief web log with some pictures from Richmond. Author: Ed Mierzwinski Started on staff: 1977B.A., M.S., University of Connecticut Ed oversees U.S. PIRG’s consumer that is federal, helping lead nationwide efforts to really improve customer credit scoring regulations, identification theft defenses, item security laws and much more. Ed is […]