Title XII of Dodd-Frank: Moving Small Dollar Loans from Payday Lenders to Financial Institutions
Ranking member of the Senate Banking Committee urgesĀ President Obama to prioritize funding for Title XII of Dodd-Frank, which has not yet been implemented. Title XII would provide federal grants and other support to financial institutions to make small dollar loans to end the "damaging effects of predatory lending." CBA's president points out the irony in all of thisĀ here. [1/7/16]