Bureau hasn’t budged on cutting pay day loan protections. Bureau authority under court challenge

Bureau hasn’t budged on cutting pay day loan protections. Bureau authority under court challenge WASHINGTON (AP) the customer Financial Protection Bureau has not yet budged on its June choice cutting extra protections. “There had been evidence that is insufficient appropriate support of these requirements,” CFPB Director Kathleen Kraninger published in a Sep. 23 letter to Rep. Maxine Waters, D-California, who’s chairwoman of this House Financial solutions Committee and a critic associated with the agency’s move. >Kraininger included that states should…