Debbie Wasserman Schultz flips, backs payday loan crackdown in the midst of pressure away from remaining

The consumer Financial Safety Bureau possess proposed the rules, which may need quick-name loan providers to get to know standards similar to those individuals to own banking institutions, attracting brief supplement regarding the party’s presidential contenders.

Way more hitting, even if, was the fresh comments of support of Staff. Debbie Wasserman Schultz and you can Patrick Murphy, two Fl Democrats exactly who previously compared such as for example a move and you may backed a statement built to take off the fresh pay day regulations of taking effect. Continue Reading