WHO:
Indiana Attorney General Greg Zoeller
WHAT:
Testify before the U.S. House Subcommittee on Financial Institutions and Consumer Credit
WHEN:
Thursday, Feb. 11, 1 p.m. ET
WHERE:
U.S. House Subcommittee on Financial Institutions and Consumer Credit
2128 Rayburn House Office Building
Washington, DC 20515
WHY:
Indiana Attorney General Greg Zoeller will testify before the U.S. House Subcommittee on Financial Institutions and Consumer Credit tomorrow in opposition to new rules proposed by the Consumer Financial Protection Bureau (CFPB) that would preempt state authority to regulate small loan lending and consumer access to credit.
Zoeller says the CFPB’s proposal will create a vast regulatory framework at a national level that would constrict the small loan market and force Hoosiers in need of small loans to turn to less scrupulous offerings.
