WASHINGTON–(ENEWSPF)–May 15, 2014. In a letter sent to the Director of the Consumer Financial Protection Bureau (CFPB) yestrday, six Senators – Oregon’s Senator Jeff Merkley, along with Sen. Dick Durbin (D-IL), Sen. Tom Harkin (D-IA), Sen. Tom Udall (D-NM), Sen. Richard Blumenthal (D-CT), and Sen. Elizabeth Warren (D-MA) – pushed the bureau to take new action to protect consumers from predatory storefront and online payday loans. The letter arrives as the CFPB prepares rules for the small dollar lending market.
