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(Reuters) – The U.S. watchdog company for shopper finance on Tuesday finalized new laws it stated would defend house enchancment debtors who finance photo voltaic panels and different purchases by way of their property taxes, the company stated.
The announcement from the U.S. Client Monetary Safety Bureau got here amid continued Republican calls for from Capitol Hill that President Joe Biden’s administration stop adopting new laws previous to President-elect Donald Trump’s inauguration subsequent month.
“In the present day’s rule stops unscrupulous corporations and salespeople from luring owners into unaffordable loans primarily based on false guarantees of power financial savings,” stated CFPB Director Rohit Chopra.
