On Wednesday, July 24, the Senate’s Special Committee on Aging will hold a hearing entitled “Payday Loans: Short-term Solution or Long-term Problem?” Senator Elizabeth Warren is a Committee member.
There will be two panels of witnesses. The members of the first witness panel are:
- David Silberman, Associate Director, Research, Markets, and Regulations, CFPB
- Mark Pearce, Director Division of Depositor and Consumer Protection, FDIC
- Eric Wright, Staff Attorney, Maine Bureau of Consumer Credit Protection
The witnesses on the second panel will be:
- Annette Smith, Deposit Advance Consumer/Social Security Beneficiary
- Rebecca Borne, Senior Policy Counsel, Center for Responsible Lending
- Dennis Shaul, CEO, Community Financial Services Association of America
- Richard Hunt, President and CEO, Consumer Bankers Association