Merkley, Bonamici, Cummings Introduce SAFE Lending Act to guard Consumers from Predatory techniques in Payday Lending

Merkley, Bonamici, Cummings Introduce SAFE Lending Act to guard Consumers from Predatory techniques in Payday Lending

WASHINGTON, D.C. – Today, Oregon’s Senator Jeff Merkley, along side Congresswoman Suzanne Bonamici (D-OR) and home Oversight Chairman Elijah Cummings (D-MD), introduced the Stopping Abuse and Fraud in Electronic (SECURE) Lending Act. The SECURE Lending Act would break straight straight straight down on a number of the worst abuses regarding the payday lending industry, especially in online payday lending, and protect customers from deceptive and predatory methods that strip wealth from working families.

Under Trump Management leadership

The buyer Financial Protection Bureau (CFPB) reversed program on nationwide guidelines slated to get into impact this current year consumer that is instituting from pay day loan predators. Continue reading “Merkley, Bonamici, Cummings Introduce SAFE Lending Act to guard Consumers from Predatory techniques in Payday Lending”