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Liberal Group Floods Public Comments Board to avoid Payday Lending Rule Change

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Liberal Group Floods Public Comments Board to avoid Payday Lending Rule Change

Allied Progress sought ‘scrutiny’ for opponents making use of tactic that is same

Todd Shepherd – August 19, 2019 5:00 AM

Consumer groups looking to prevent a rule that is potential on payday financing had the ability to have more than 19,000 prewritten opinions submitted to the federal federal government’s general public remark portal, despite one particular teams whining into the Wall Street Journal about its opposition utilizing the exact exact same strategies.

The buyer Financial Protection Bureau (CFPB) is considering a rollback of an Obama-era guideline regarding alleged pay day loans, and also as element of that procedure ended up being accepting general public touch upon the feasible improvement in might.

Present Tales in Problems

Times prior to the comment that is public shut, Allied Progress, a dark money team describing it self as a “customer watchdog company, ” told the Journal that prewritten copy-and-paste commentary to get lending companies as well as changing the guideline had been suspect possibly to the stage to be lawfully actionable.

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