WASHINGTON, D.C. – Today, U.S. Senator Kamala D. Harris (D-CA) joined up with a small grouping of 47 senators in opposing the customer Financial Protection Bureau’s (CFPB) attempt that is new gut its payday security guideline.

Today’s push had been accompanied by every person in the Senate Democratic Caucus.

“Repealing this guideline offers a green light to the payday financing industry to victim on susceptible US customers,” penned the senators in a page to CFPB Director Kathy Kraninger. “In drafting these changes that are devastating the Payday Rule, the CFPB is ignoring probably the most fundamental maxims of customer finance — a person really should not be offered a predatory loan which they cannot pay off.”

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