More Schemers, Cheats, and Grifters Inducted into Allied Progress’ Payday Lender Hall of Shame

More Schemers, Cheats, and Grifters Inducted into Allied Progress’ Payday Lender Hall of Shame

This Week’s Installment of Nominees Are An Especially Shady Lot

WASHINGTON, D.C. – Consumer advocacy company Allied Progress circulated their fifth pair of nominees towards the Payday Lender Hall of Shame as CFPB Director Kathy Kraninger encountered tough concerns this week at her Senate hearing about her careless proposition to eliminate a protection that is critical predatory lenders. After struggling to spell out the way the plan benefits customers, Kraninger admitted that payday loan providers will enjoy in excess of $7 billion an in profits as a result of her proposal year. […]