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Michigan Best Online Payday Loans

Customer watchdog focusing on payday loan providers while shaking up a unique staff

Customer watchdog focusing on payday loan providers while shaking up a unique staff

The U.S. Consumer Financial Protection Bureau is investigating payday loan providers once more, focusing in specific on the training of linking wage-earning Americans looking for cash with loan opportunities.

The CFPB posted a document on its website noting that it’s looking at whether such organizations « have involved or are participating in unlawful acts or methods regarding the the advertising, offering or connection of payday loans. » It received a distribution from MoneyMutual, an organization that connects borrowers with lenders and noted because of its tv advertisements featuring Montel Williams, following an information that is requesting its techniques.