Why The Final Payday Lending Rules Are Far From The Last Word
PYMNTS
OCTOBER 11, 2017
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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