Let me make it clear about Small Payday Lenders Appeal To Lawmakers For assistance with CFPB

Let me make it clear about Small Payday Lenders Appeal To Lawmakers For assistance with CFPB

RUSTON, Los Angeles – Ruston, Los Angeles, tiny businessman Mickey Mays has talked down against proposed brand brand new laws being drafted in Washington, which he stated would shut straight down their business – and thousands like their nationwide.

Mays, along side six other “Small Entity Representatives” (SERs), delivered a page to Sen. David Vitter, Chairman associated with the U.S. Senate Committee on business and Entrepreneurship, and Rep. Steve Chabot, Chairman of this U.S. home Committee on small company, on Tuesday, August 11, 2015, which identified numerous issues because of the procedure employed by the buyer Financial Protection Bureau (CFPB) to look at the effect for the bureau’s brand new lending that is payday proposals on smaller businesses like theirs. Read More