Today's News about Banking and Finance Issues
As House Convenes on Predatory Lending, Consumer Advocates Press for Congressional Action on Payday Debt Traps
Source: Americans for Financial Reform
April 25, 2019
The hearing on payday lending comes at a time when the Consumer Financial Protection Bureau is nearing the end on a public comment period on its plan. The CFPB is proposing to rescind key consumer protections on payday lending, namely the ability-to-repay provision that mandates that lenders offer affordable loans.
Read more...
Foster Introduces Bipartisan Resolution to Promote Financial Literacy for Students
Source:
April 25, 2019
“In our increasingly complex financial marketplace, young people often find themselves lacking the knowledge to make tough financial decisions that can have profound effects on their futures,” Congressman Foster said. “Studies have shown that promoting financial literacy at an early age helps equip young people to make sound financial decisions that will set themselves up for success.”
No comments:
Post a Comment