Elizabeth Warren’s Fight Against Payday Lenders Comes to the Post Office

Nine years ago, a Harvard law professor dreamed up a new concept: a government agency devoted solely to protecting consumers from unscrupulous financial companies, the way the Consumer Product Safety Commission protects us from faulty microwaves. Today, Elizabeth Warren’s Consumer Financial Protection Bureau (CFPB) is in full effect, and has already netted Americans about $10 billion in remedies from banks since it started its watch.

One financial product remains in the shadows, however, preying on consumers: payday lending. The very same CFPB just announced rules to… Read more…

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