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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

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

WASHINGTON, D.C. – Consumer advocacy organization Allied Progress circulated their 5th collection of nominees to your 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 describe the way the plan benefits customers, Kraninger admitted that payday loan providers will enjoy a lot more than $7 billion a 12 months in earnings as a consequence of her proposition.

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