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CFPB Has Spoken: Payday Lending Regs Drop

PYMNTS

But today, the journey came to an end as the CFPB has offered its final ruling on the future of the payday and title lending industry in this country. That destruction is necessary, according to CFPB director Richard Cordray. Notably, we have no intention of disrupting lending by community banks and credit unions,” Cordray noted.

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The Final Payday Lending Rule Drops (Now What)

PYMNTS

But today, the journey came to an end as the CFPB has offered its final ruling on the future of the payday and title lending industry in this country. That destruction is necessary, according to CFPB director Richard Cordray. Notably, we have no intention of disrupting lending by community banks and credit unions,” Cordray noted.

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Why The Final Payday Lending Rules Are Far From The Last Word

PYMNTS

Last week, after five years of debates, discussions, arguments and waiting, the Consumer Financial Protection Bureau’s (CFPB) final rules for payday lending dropped. Most concerning, this rule completely disregards the concerns and needs of actual borrowers, who value this credit option and told the CFPB as much in the record 1.4

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