Remarks by Richard Cordray at the Payday Loan Field Hearing in Birmingham, AL

Remarks by Richard Cordray at the Payday Loan Field Hearing in Birmingham, AL

Many thanks, Congresswoman Sewell and U.S. Attorney Vance for joining us today. Our company is in Birmingham to put up our field that is first hearing payday financing.

Dr. Martin Luther King, Jr. when stated, “The dignity for the person will thrive if the choices concerning their life have been in his hands that are own as he has got the methods to look for self-improvement.”

During the customer Financial Protection Bureau, we profoundly rely on empowering individuals to enable them to make informed decisions that are financial just take duty for anyone choices.

I will take a few minutes to discuss the payday lending market and our role in overseeing it before we open this hearing. Allow me to stress once more that this can be an industry hearing. Continue reading Remarks by Richard Cordray at the Payday Loan Field Hearing in Birmingham, AL