Many thanks, Congresswoman Sewell and U.S. Attorney Vance for joining us today. We have been in Birmingham to keep our very first industry hearing on payday financing.
Dr . Martin Luther King, Jr. when stated, ???The dignity of this individual will grow once the choices concerning their life have been in their very own fingers, as he gets the way to look for self-improvement.???
In the customer Financial Protection Bureau, we profoundly have confidence in empowering individuals in order to make informed decisions that are financial just just simply take duty for the people choices.
Before we start this hearing, i am going to just take a couple of minutes to talk about the payday financing market and our part in overseeing it. I want to stress once more that this will be a field hearing. We arrived right right here to concentrate, to master, and also to gather home elevators the floor which will help notify our method of these problems. (more…)Read More