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CFPB Payday Lending Rules 2.0 — What’s Next

PYMNTS

While there were many provisions to the payday lending rules as originally passed, the one that caused the greatest controversy was the “ability to repay” provision that would have required short-term lenders to establish a borrower’s ability to repay before offering them a small-dollar, short-term lending product.

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Foot In Mouth: 43 Quotes From Big Corporate Execs Who Laughed Off Disruption When It Hit

CB Insights

Even Apple founder Steve Jobs voiced hesitations about variations on the original iPhone, arguing that phones with larger screens would never catch on: “You can’t get your hand around it,” Jobs said when Samsung and Google came out with phones larger than the 3.5” original iPhone. “No Currencies have legal support.

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