BizFed voted to oppose the federal Consumer Financial Protection Bureau’s (CFPB) proposal to govern payday loans, title loans, deposit advance products, and some installment loans. If CFPB rules are implemented, regulated lenders will face increased operating costs, and an unsustainable decrease in revenue, which would force many to close their doors and lay off employees.
BizFed sounds alarm on KTLA as ‘Measure H 2.0’ goes before voters
We need improvement before demanding more taxpayer dollars. Business leaders support homelessness solutions that deliver humane results.
