Jewish Community Comment to CFPB Regarding Predatory Payday Lending Rule

Jewish Community Comment to CFPB Regarding Predatory Payday Lending Rule

Workplace for the Executive Secretary

Customer Financial Protection Bureau

1700 G Street, NW.

Washington, DC 20552

Docket No. CFPB-2016-0025

We, the undersigned Jewish companies, distribute this comment in strong help regarding the customer Financial Protection Bureau’s proposed rule managing payday and car name loans. We also urge the CFPB to bolster this guideline by producing clear item security criteria for payday advances and getting rid of the other staying loopholes which make it easy for loan providers to lead their clients into unsustainable cycles of financial obligation. (mehr …)