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“The final rule published today will devastate an industry that serves nearly 30 million American customers each year,” noted Edward D’Alessio, executive director of the Financial ServiceCenters of America. million comments submitted.
The new restrictions “will create credit deserts for many Americans who do not have access to traditional banking,” said Edward D’Alessio, the executive director of Financial ServiceCenters of America, an industry trade group. Mr. D’Alessio said his group was “exploring every possible avenue” to abolish the rules.
The new restrictions “will create credit deserts for many Americans who do not have access to traditional banking,” said Edward D’Alessio, the executive director of Financial ServiceCenters of America, an industry trade group. Mr. D’Alessio said his group was “exploring every possible avenue” to abolish the rules.
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