Payday-lending focus leads CFPB to coordinate with states

02/26/2013 | Reuters

The Consumer Financial Protection Bureau is meeting with state officials to coordinate efforts to protect consumers from payday lenders that try to get around state regulations. "Our enforcement teams have met with some of your offices in multi-state meetings to consider how best to coordinate our efforts on loans that involve off-shore or other jurisdictional issues," CFPB Director Richard Cordray told a group of state attorneys general.

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