Payday Lenders Enlist Customers to Help Rollback Rules

Payday lenders have mobilized their customers in a bid to help them put pressure on the CFPB to rollback some of the rules implemented during the previous administration; a new report by Allied Progress said about a quarter of the more than 16,000 public comments contained duplicated language; there were hundreds of comments using very similar language and there is a thinking that technology has allowed them to flood the comment system; the comment period ends on May 15th. Source.

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