Sen. Sherrod Brown Joins Consumer Groups in Applying Pressure to Encourage CFPB to Seek Lifting of Stay of the Compliance Date for the 2017 Payday Rule’s Payments Provisions
CFPB Monitor
AUGUST 20, 2019
Both letters criticize the Bureau’s conduct since its 2017 leadership change – which Brown characterized as “joined at the hip” with the payday lending industry – and cite the Bureau’s failure to challenge the stay of the payments provisions as contrary to its consumer protection purpose.
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