Connect with us

Econopocalypse

Consumer Financial Protection Bureau Announces Loan Restrictions for San Andreas Banks and Businesses

Avatar photo

Published

on

WASHINGTON D.C. (WZL) — Today the Director of the Consumer Financial Protection Bureau has announced sweeping measures to help bring the economic crisis in San Andreas under control. The first of their measures is establishing a strict ceiling to the amount creditors can lend consumers, and the ceiling will be capped at $250,000. This affects common credit agreements such as loans, credit cards, and vehicle leasing. No details have been provided in relation to mortgages. Other measures from the CFPB include a limitation on the amount of “non-essential” credit agreements one citizen can take out to one, as a result things like vehicle leasing is once again regulated to one agreement active at any one time. This has also put a limit on how many monetary loans consumers can have to one loan at any one time. 

This is the first time the Financial Protection Bureau has been involved in the state. In a quote from a CFPB spokesperson, “San Andreas has faced a dangerous economic crisis, the CFPB has decided to step in and take extraordinary measures to protect consumers from dangerous levels of debt as the citizens of the state recover from this catastrophe. We are asking all banks and non-bank financial institutions to take all necessary measures to ensure citizens don’t go into unnecessary or unrecoverable debt as the state bounces back.”

The CFPB has also introduced new regulatory measures in other states affected by Mutiny attacks. The Federal Reserve (“The Fed”) meets in a couple of weeks where it’s expected an interest-rate change will occur due to the mass destruction of money in a number of cities by the Mutiny organization. It’s likely the interest rate will rise as banks in these cities will need to restock on physical money supplies.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Entertainment5 days ago

Crossing The Finish Line: Virtual Racing League Wraps Spectacular Season 2!

In case you missed it, Knight Imports organized and hosted San Andreas’ first official Virtual Racing League utilizing Forza Motorsport...

Crime2 weeks ago

Chaos In The Canals: Explosion Topples Smokestack After Devices Detonate

Cypress Flats, Los Santos – Explosions that rocked the industrial neighborhood of Cypress Flats in the evening of Tuesday, April...

Stella's Scoops3 weeks ago

Stella’s Scoops Volume 84: 6-Month Recap, Part 2

Welcome back to part 2 of the 6-month recap. It was getting lengthy, so I decided to split it into...

Crime3 weeks ago

EXCLUSIVE: ‘Sadboy’ Sucker-Punched – Taco Tequila Tuesday Turns Tragic

Marking what’s usually a weekly staple of drinks, music, and good vibes, Weazel News was live on scene in Blaine...

Stella's Scoops4 weeks ago

Stella’s Scoops Volume 83: 6-Month Recap, Part 1

Hehe, time flew by, and here we are. Today, I’m here to do a six-month recap on what has happened...

Government4 weeks ago

Theresa Indigo Sworn In As Blaine County’s New Sheriff

Marking the first Clayton’s Corner report of the year, we head to Blaine County, where Brother/Governor Jeremy and Chief Justice...

Government1 month ago

Order In The Court: Chief Justice Gupta Secures A Second Term

In a press release issued last night, Chief Justice Gupta announced his re-election to serve a final six-month term leading...

External Press Release1 month ago

Citation Needed: Law Enforcement Shows Their Work With New Printers

Commissioner Barry Hill of the San Andreas State Police (SASP) issued a press release on Saturday citing a brand new...

Entertainment2 months ago

Knight Imports Shifts Into High Gear With Their Virtual Racing League

In case you missed it, Knight Imports organized and hosted San Andreas’ first official Virtual Racing League utilizing Forza Motorsport...

Government2 months ago

Judiciary Press Release: New Expedited Trial Procedure Announced

Monday, March 24th, 2025, Chief Justice Rajesh Gupta issued a press release announcing a new expedited trial procedure to help...

Trending