Consumer Financial Protection Bureau holds stance against added payday borrower protections

WASHINGTON – The Consumer Financial Protection Bureau has not budged on its June decision cutting additional protections.  “There was insufficient evidence and legal support for these requirements,” CFPB Director Kathleen Kraninger wrote in a Sep. 23 letter to Rep. Maxine…

Cummings and Warren Team Up to Evaluate Middle Class Economic Policy

Rep. Elijah Cummings and Sen. Elizabeth Warren teamed up this week to examine how U.S. economic policies impact the middle class, which they say has been suffering from stagnant wage growth since the 1970s.