CFPB Proposed Rules Address Pay Day Loans and New that is impose Customer Needs
CFPB Proposed Rules Address Pay Day Loans and New that is impose Customer Needs The customer Financial Protection Bureau (“CFPB”) the other day announced long-awaited proposed rules governing payday advances along with other high-cost credit services and products, including that loan providers must take actions to make sure potential borrowers are able to repay them. 1 The proposed guidelines, which…
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