CFPB Has Spoken: Payday Lending Regs Drop
PYMNTS
OCTOBER 6, 2017
“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. The CFPB’s payday rule, he added, “necessitates revisiting the OCC guidance.”. So Now What? And there are a few avenues.
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