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Payday Lenders Enlist Customers to Help Rollback Rules
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Payday Lenders Enlist Customers to Help Rollback Rules

Payday Lenders Enlist Customers to Help Rollback Rules

Todd Anderson·
FintechNews RoundupUSA
·May. 14, 2019·1 min read

Payday lenders have mobilized their customers in a bid to help them put pressure on the CFPB to rollback some of the rules implemented during the previous administration; a new report by Allied Progress said about a quarter of the more than 16,000 public comments contained duplicated language; there were hundreds of comments using very similar language and there is a thinking that technology has allowed them to flood the comment system; the comment period ends on May 15th. Source.

  • Todd Anderson
    Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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Allied ProgressCFPBpayday lending
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