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Earlier today, we were in Los Angeles for a discussion on challenges and opportunities faced by new Americans in the consumer marketplace. There were remarks from Director Richard Cordray, followed by discussion by the Consumer Advisory Board, and testimony from consumer groups, industry representatives, and members of the public.

If you missed the livestream, you can watch the recording below.

  • Jim E.

    That was a very informative discussion. I think that it is important to note that Pay Day lenders provide a valuable service to the community. Most borrowers use the product responsibly and are able to avoid costly bank overdraft fees.

    • Tony Young

      Well, before using the services from private borrowers, you have to understand and do some research for the products, such as fess and interests. Pay Day Lenders may sound good for borrowing you money but once, when you return the money, it could be painful.

      Blogger Tony from

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