A coalition of more than 100 Democratic congressional representatives wrote to Consumer Financial Protection Bureau Director Kathy Kraninger, urging her to reconsider the bureau’s final rule delaying implementation of its 2017 payday lending rule.
The House members, led by Financial Services Committee Chairwoman Maxine Waters (D-Calif.), condemned the delay as a giveaway to payday lenders at the expense of consumers.
Find out more about what the legislators had to say.