” With little accountability with their actions, payday loan providers have traditionally preyed upon communities of color and drained them of these hard-earned cost cost savings,” Hilary Shelton, the NAACP’s Washington bureau manager, said in a statement month that is last.

Quyen Truong, whom served as deputy counsel that is general the CFPB under Obama, claims banking institutions have actually tighter requirements than many other loan providers for little buck quantities. Read More