Professor Jeff Sovern was quoted by the Lexis/Nexis’s Law360 in an article titled, CFPB Sets Sights On Payday Lending ‘Cycle Of Debt.’ According to the article:
Payday borrowing is like alcohol in that it is a positive for some and an utter disaster for others, said St. John’s University School of Law professor Jeff Sovern. The CFPB’s challenge is to come up with rules that enable those for whom payday borrowing is a positive to have access to it while keeping those for whom it is a disaster away.
St. John's University Law Faculty Blog 
Leave a Reply