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Keith Noreika Quoted in IFLR on CFPB’s Payday Lending Rules
07.11.19
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Partner Keith Noreika was quoted in an IFLR article titled, “CFPB likened to predator-protection agency under Kraninger's watch.” In the article, Keith discusses the impact that the CFPB’s over-regulation has had on consumers. “There is a concern, from what I saw in office, that anti-abusive practice regulations have scared many banks out of the market entirely, which ended up making consumers worse off,” Keith says. “Instead of bad and very bad options, consumers are left with only very bad to extremely bad options.”
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