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The CFPB Proposes Changes to PayDay Lending Rules

The Consumer Financial Protection Bureau has proposed changes to the 2017 final rule governing “Payday, Vehicle Title, and Certain High-Cost Installment Loans.” In brief, the CFPB is proposing to “rescind the rule’s requirements that lenders make certain underwriting determinations before issuing payday, single-payment vehicle title,… Read More

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