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.
