CFPB Has Spoken: Payday Lending Regs Drop
PYMNTS
OCTOBER 6, 2017
There are no caps on annual interest rates on loans (though some states like California do have them). Today, I approved rescission of the OCC’s guidance regarding deposit advance products, effective immediately,” acting Comptroller of the Currency Keith Noreika said in a press release. So Now What? And there are a few avenues.
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