Pay Day Loan Trade Group Accused Of Production ‘Positive’ Stories

Pay Day Loan 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 news release it published that stated the CFPB had been ignoring “positive” stories from pay day loan clients.

Allied Progress, which defines itself as a nationwide nonprofit grassroots company that utilizes “hard-hitting research and imaginative promotions to put on effective unique passions accountable and empower hardworking Americans,” claims that a pr release released by the Community Financial solutions Association (CFSA) that chastised the CFPB because of 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 few of the very same sentences and paragraphs.”

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