GADGET4U.ru - Все самое интересное из мира гаджетов и технологий
   
 
 

installment payday loans direct lender


Information Release. Report: Analysis of Payday Complaints Reveals Requirement For More Powerful Federal Protections

Четверг, 19 ноября 2020

Information Release. Report: Analysis of Payday Complaints Reveals Requirement For More Powerful Federal Protections

Contact

CONTACT:Mike Litt, U.S. PIRG Education Fund workplace: (202) 461-3830 Cell: (702) 427-1608mlitt@pirg.org

Report: Review of Payday Complaints Reveals Need for More Powerful Federal Protections

Washington, D.C. — Consumer complaints about pay day loans to your customer Financial Protection Bureau (CFPB) reveal a need that is critical strengthening the agency’s proposed guideline to rein in payday advances along with other high-cost financing, based on a report released today by the U.S. PIRG Education Fund.

“Our analysis of written complaints into the CFPB discovered significant proof of the problem that is major pay day loans:

borrowers can’t manage these loans and wind up caught in a period of financial obligation. Ninety-one(91 that is percent) of written complaints were pertaining to unaffordability,” said Mike Litt, Consumer Advocate with all the U.S. PIRG Education Fund.

Some key findings:

  • Ninety-one per cent (91%) of most written explanations revealed indications of unaffordability, including abusive business collection agencies methods, banking account closures, long-lasting cycles of financial obligation, and bank charges like overdraft costs as a result of collection efforts.
  • The database reveals issues with the full spectrum of predatory services and products, including storefronts and online loan providers, short-term payday, long-lasting payday installment loans, and automobile name loans. Читать новость полностью…

 
 
   
 

GADGET4U.ru - Все самое интересное из мира гаджетов и технологий

Copyright © 2008 www.Gadget4U.ru. All Rights Reserved