NALCAB, Public Citizen, CRL Sue to Restore Payday Lending Protections for Borrowers in U.S. District Court
CFPB Repeal Rule Will Leave Consumers at the Mercy of Payday Lenders’ Abuses WASHINGTON, D.C. – The National Association for Latino Community Asset Builders (NALCAB), represented by Public Citizen and the Center for Responsible Lending (CRL), sued the U.S. Consumer Financial Protection Bureau (CFPB) today in the U.S. District Court for the District of Columbia, seeking to overturn a regulation issued in July 2020 concerning short-term payday and auto-title lending ( a link to the complaint is here). The regulation repeals consumer protection measures that the agency adopted in 2017 to protect