Warren’s Letter Follows Yesterday’s statement that the CFPB is Reconsidering a Rule that could Prevent Abusive Payday Lenders from Trapping clients in Endless rounds of financial obligation

Washington, DC – Yesterday, United States Of America Senator Elizabeth Warren (D-Mass.) delivered a page to customer Financial Protection Bureau (CFPB) Director Kathy Kraninger after news that the CFPB has proposed a unique rule to really make it easier for payday lenders to trap borrowers in endless rounds of debt. In accordance with the Federal Reserve, one out of four …