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"A handful of Democrat Senators are urging CFPB Director Richard Cordray to bring an end to what they consider to be predatory small-dollar storefront and online payday lending. &amp;ldquo;Sadly, the evidence shows that these loans trap consumers in a cycle of debt in which consumers end up owing more than the initial loan amount, an appalling practice that exploits the financial hardship of hard working families and exhibits a deeply flawed business model that does not consider borrowers&amp;rsquo; ability to repay the loan,&amp;rdquo; the senators said in a letter to the director..."^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.insidemortgagefinance.com/issues/imfpubs_irs/25_12/news/Democrats-Want-CFPB-to-Crack-Down-on-Predatory-Payday-Loans-1000027658-1.html>