Remarks by Richard Cordray in the Payday Loan Field Hearing in Birmingham, AL

Remarks by Richard Cordray in the Payday Loan Field Hearing in Birmingham, AL We have been in Birmingham to put on our field that is first hearing payday financing. Dr. Martin Luther King, Jr. as soon as stated, “The dignity of this person will thrive as soon as the choices concerning their life have been in their very own arms, as he gets the way to look for self-improvement.” During the customer Financial Protection Bureau, we profoundly have confidence in empowering individuals to enable them to make informed decisions that are financial just take duty for all those choices. Before we start this hearing, i am going to simply take a few momemts to talk about the payday financing market and our part in overseeing it. I want to stress once more that this is certainly a field hearing. We arrived right here to concentrate, to master, also to gather info on the bottom that can help notify our method of these problems. […]