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Cash Advance Trade Group Accused Of Production ‘Positive’ Stories

Cash Advance Trade Group Accused Of Production ‘Positive’ Stories

WASHINGTON–A customer team is accusing the trade relationship for the cash advance industry of fabricating a number of the “personal” stories it offers included in a pr release it published that reported the CFPB had been ignoring “positive” stories from cash advance clients.

Allied Progress, which defines itself being a nationwide nonprofit grassroots company that utilizes research that is“hard-hitting imaginative campaigns to put up effective unique interests accountable and empower hardworking Americans,” claims that a news release given because of the Community Financial solutions Association (CFSA) that chastised the CFPB aided by the headline, “CFPB Buried, Ignored Positive Payday Loan Customer ‘Tell Your Story’ Testimonials It Requested,” failed “to mention…that a majority of these supposedly ‘personal’ submissions included a number of the very same sentences and paragraphs.”

Allied Progress said it really is calling in the CFPB to more closely scrutinize the“personal” that are pro-industry it gets, in addition to general public feedback submitted in opposition to its proposed rule on payday, car name, as well as other high-cost installment loans.