Post ID 65029

Kansas City Star: CFPB falls Kansas lending that is payday, stoking worries Trump is backing from the industry source site

By Steve Vockrodt

Without description, the buyer Financial Protection Bureau has dropped a lawsuit in Kansas it had filed last year against four payday financing organizations.

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

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