CFPB dilemmas final payday/auto title/high-rate installment loan rule

CFPB dilemmas final payday/auto title/high-rate installment loan rule The CFPB issued its payday that is final loan yesterday in a launch operating 1,690 pages. Lenders included in the rule consist of nonbank entities along with banking institutions and credit unions. The rule covers auto title loans, deposit advance products, and certain high-rate installment and open-end …

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