Post ID 65699

Kansas City celebrity: CFPB falls Kansas lending that is payday, stoking worries Trump is supporting from the industry

By Steve Vockrodt

Without explanation, the customer Financial Protection Bureau has fallen case in Kansas it had filed this past year against four payday lending businesses.

The move reinforced worries among customer advocates that the federal watchdog agency is supporting far from examining the lending industry that is payday.

The CFPB, a federal agency formed last year within the aftermath associated with the Great Recession, filed a notice of voluntary dismissal Thursday in its situation against Golden Valley Lending and three other payday lending enterprises: Silver Cloud Financial, hill Summit Financial and Majestic Lake Financial. (more…)