Testimony at the CFPB’s Hearing on Payday Lending (Nashville, TN)

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Published: March 25, 2014

Oneshia Herring, legislative counsel at CRL, discusses three reasons why payday loans are an inherently defective product that violate any reasonable concept of fair and responsible lending.  This testimony was presented at a CFPB field hearing on March 25, 2014, in Nashville, Tennessee.