Pay Day Loans Under Attack: The CFPB’s New Rule Could Considerably Affect High-Cost, Short-Term Lending

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Pay Day Loans Under Attack: The CFPB’s New Rule Could Considerably Affect High-Cost, Short-Term Lending the customer Financial Protection Bureau (“CFPB” or “Bureau”) proposed a rule that is new its authority to supervise and manage specific payday, automobile title, as well as other high-cost installment loans (the “Proposed Rule” or the “Rule”). These customer loan […]