Financial Lobby Groups Reject CFPB's Criticism of Deferred-Interest as 'Risky'
Richard Cordray calls certain credit promotions "confusing." But business advocates contend consumers understand what they're getting.
Top lobbying groups for the financial industry are pushing back against the Consumer Financial Protection Bureau as the regulator ratchets up pressure on credit products that can lure in customers with zero-interest terms but later surprise them with high charges.
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