More Schemers, Cheats, and Grifters Inducted into Allied Progress’ Payday Lender Hall of Shame

More Schemers, Cheats, and Grifters Inducted into Allied Progress’ Payday Lender Hall of Shame

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This Week’s Installment of Nominees Can Be An Especially Shady Lot

WASHINGTON, D.C. – Consumer advocacy company Allied Progress circulated their 5th collection of nominees into the Payday Lender Hall of Shame as CFPB Director Kathy Kraninger encountered tough concerns this week at her Senate hearing about her careless proposition to remove a protection that is critical predatory loan providers. After struggling to spell out how a plan benefits customers, Kraninger admitted that payday loan providers will enjoy a lot more than $7 billion a 12 months in earnings because of her proposition. Continue reading “More Schemers, Cheats, and Grifters Inducted into Allied Progress’ Payday Lender Hall of Shame”