CFPB Payday Lending Rules 2.0 — What’s Next
PYMNTS
FEBRUARY 7, 2019
The agency further noted that there is “insufficient evidence and legal support” for the verification requirements, adding that “rescinding this requirement would increase consumer access to credit.”. Some parts of the rules, however, did remain intact. “The The Tumultuous Response. The news generated a lot of reaction.
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