AFR into the News: Liberal Groups straight straight straight Back вЂOperation Choke PointвЂ™
In CQ, reporter Ben Weyl quotes from a joint AFR/CFA/NCLC letter to Senators: вЂњFighting re re re re payment fraudulence really should not be controversial. Everyone else advantages from efforts to cease activity that is illegal utilizes the re payment system.вЂќ As Weyl continues on to see, вЂњConservative activists and GOP lawmakers have actually accused the federal government of pursuing law-abiding companies that cross the managementвЂ™s agenda, including gun vendors.вЂќ However the investigations that are known in the title of procedure Choke Point have all been directed at out-and-out-fraud.
AFR Calls for Strong Guidelines on Payday Lending
The customer Financial Protection BureauвЂ™s latest report on payday financing reaffirms just exactly just exactly what the BureauвЂ™s initial research revealed this past year: these ultra-high-cost loans, while promoted as a kind of crisis credit, regularly cause a period of financial obligation. Even with having to pay significant costs, numerous borrowers wind up вЂњowing as much or higher on their really final loan as the whole quantity that they had lent initially,вЂќ CFPB Director Richard Cordray revealed. Read more