Without description, the customer Financial Protection Bureau has dropped a lawsuit in Kansas it had filed this previous 12 months against four payday funding companies.

The move reinforced issues among client advocates that the federal watchdog agency is supporting definately not examining the financing industry this is certainly payday.

The CFPB, a federal agency formed a year ago in to the aftermath connected with Great Recession, filed a notice of voluntary dismissal Thursday in its situation against Golden Valley Lending and three other payday lending enterprises: Silver Cloud Financial, hill Summit Financial and Majestic Lake Financial. Read More