At Congressional Hearing, CRL Testifies That Fintech Lending Bills Under Consideration Would Harm Consumers
Newly published reports on earned wage advances and buy now pay later support the warnings WASHINGTON, D.C. – Congress should do more to protect consumers from abuse by so-called “fintech” lenders and, at minimum, should not enable that abuse through legislation, the Center for Responsible Lending (CRL) said yesterday in testimony at a Congressional subcommittee hearing. That message was reinforced...