TITLE

CFPB LAUNCHES PAYDAY LENDING SUPERVISION

PUB. DATE
February 2012
SOURCE
Pratt's Bank Law & Regulatory Report;2012, Vol. 18 Issue 2, p7
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the payday lending market which the Consumer Financial Protection Bureau (CFPB) will be closely supervising. During a field hearing in Birmingham, Alabama last January 19, 2012, the CFPB issued a publication entitled "Short-Term, Small-Dollar Lending Procedures" which will guide examiners who will make sure payday lenders follow federal consumer financial laws. CFPD Director Richard Cordray says payday lending products should help consumers and not harm them.
ACCESSION #
74609470

 

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