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Tainted Process: CFPB Flooded with 1000s of Suspicious, Copycat Pro-Payday Loan Comments Backing Trump’s Proposal to destroy defenses From Predatory Industry methods

By |août 21st, 2020|

Tainted Process: CFPB Flooded with 1000s of Suspicious, Copycat Pro-Payday Loan Comments Backing Trump’s Proposal to destroy defenses From Predatory Industry methods

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Allied Progress Finds Over 27% of Public Comments Including Supposedly ‘Personal’ Stories applied Verbatim Phrases, Calls on CFPB to handle Clear Industry Interference in Rule-Making Process

WASHINGTON, D.C. — Consumer advocacy team Allied Progress examined general public feedback submitted in regards to the Trump-CFPB’s effort to kill an integral protection up against the cash advance debt trap and discovered that significantly more than 7,000 pro-payday responses utilized language that is suspiciously duplicative amounting to over 27 per cent regarding the total commentary. […]