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Cortez Masto, Senate Democrats Require Answers About CFPB Solution to eliminate Payday Lending Protections

Washington, D.C. U.S. Senator Catherine Cortez Masto (D-Nev.) accompanied Senator Jeff Merkley (D-Ore.) as well as entire Senate Democratic Caucus in opposing the customer Financial Protection Bureau’s (CFPB) new attempt to gut its really payday protection guideline that is own.

Repealing this guideline provides a light that is green the payday funding industry to target on vulnerable US customers, penned the senators in a web page to Trump-appointed CFPB Director Kathy Kraninger.

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