Without a doubt about Small Payday Lenders Appeal To Lawmakers For assistance with CFPB

Without a doubt about Small Payday Lenders Appeal To Lawmakers For assistance with CFPB

RUSTON, LA – Ruston, LA, tiny businessman Mickey Mays has talked down against proposed brand new laws being drafted in Washington, that he stated would shut straight down his business – and thousands like their nationwide.

Mays, along side six other “Small Entity Representatives” (SERs), sent a page to Sen. David Vitter, Chairman regarding the U.S. Senate Committee on business and Entrepreneurship, and Rep. Steve Chabot, Chairman for the U.S. home Committee on Small Business, on Tuesday, August 11, 2015, which identified numerous issues because of the procedure employed by the buyer Financial Protection Bureau (CFPB) to look at the effect for the bureau’s brand brand new payday financing regulatory proposals on smaller businesses like theirs.

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