CFPB Announces Field Hearing on Small-Dollar Lending
The Consumer Financial Protection Bureau (CFPB) announced on Tuesday that it will hold a public hearing on June 2 in Kansas City, MO on small dollar lending. AFSA expects the CFPB to release the proposed rule in conjunction with the hearing.
The hearing will feature remarks by CFPB Director Richard Cordray, as well as testimony from consumer groups, industry representatives and members of the public. AFSA hopes to be invited to participate in the hearing, but at the very least, will be present to advocate for traditional installment lenders.The hearing will begin at 11:00 a.m. Eastern and be live streamed on the bureau’s website.
May 19th, 2016 by Dan Bucherer