Merkley, Bonamici, Cummings Introduce SECURE Lending Act to guard Consumers from Predatory techniques in Payday Lending

Merkley, Bonamici, Cummings Introduce SECURE Lending Act to guard Consumers from Predatory techniques in Payday Lending

WASHINGTON, D.C. – Today, Oregon’s Senator Jeff Merkley, along side Congresswoman Suzanne Bonamici (D-OR) and home Oversight Chairman Elijah Cummings (D-MD), introduced the Stopping Abuse and Fraud in Electronic (SECURE) Lending Act. The SECURE Lending Act would split straight down on a number of the worst abuses associated with the lending that is payday, particularly in online payday lending, and protect customers from misleading and predatory practices that strip wide range from working families.

Under Trump Management leadership

The buyer Financial Protection Bureau (CFPB) reversed course on nationwide guidelines slated to get into impact this present year consumer that is instituting from pay day loan predators. (daha&helliip;)

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