Liberal Group Floods Public Comments Board to quit Payday Lending Rule Change

Liberal Group Floods Public Comments Board to quit Payday Lending Rule Change

Allied Progress desired ‘scrutiny’ for opponents making use of tactic that is same

Todd Shepherd – August 19, 2019 5:00 AM

Customer groups looking to quit a possible guideline modification on payday financing had the ability to have more than 19,000 prewritten opinions presented to the government’s public remark portal, despite those types of groups whining to your Wall Street Journal about its opposition utilizing the exact same strategies.

The customer Financial Protection Bureau (CFPB) is considering a rollback of a Obama-era guideline regarding so-called payday advances, so when section of that procedure ended up being accepting public discuss the possible improvement in might.

Present Tales in Problems

Times before the comment that is public shut, Allied Progress, a dark cash team explaining itself as being a “customer watchdog organization, ” told the Journal that prewritten copy-and-paste remarks meant for financing organizations and of changing the rule had been suspect perhaps to the stage to be lawfully actionable.

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Jeremy Funk, a spokesman for Allied Progress, told the Journal, “we now haven’t produced allegation that is formal of.UTF8[……]

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