Attorney General Josh Stein Opposes Trump Administration Rollback of Common-Sense Cash Advance Protections

Attorney General Josh Stein Opposes Trump Administration Rollback of Common-Sense Cash Advance Protections

Launch date: 5/16/2019

(RALEIGH) Attorney General Josh Stein today urged the customer Financial Protection Bureau (CFPB) to help keep defenses set up that safeguard customers from abusive payday and car name loans. The proposed rollback among these defenses will allow loan providers to victim on vulnerable customers, undercut states’ efforts to guard their residents, and opposed to the CFPB’s obligation that is legal protect customers from unjust and abusive methods.

“In new york, we went out payday loan providers who had been breaking what the law states and loan that is using interest levels to harm people,” said Attorney General Josh Stein. Read more