CFPB Proposes to Relax Cash Advance Regulation

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CFPB Proposes to Relax Cash Advance Regulation Customer advocates vocals concern about “debt traps.” Alternative methods to borrow cash. The customer Financial Protection Bureau today proposed rolling back the provision that is key of Obama-era financing guideline made to protect individuals using short-term, high-interest loans, also called small-dollar or payday advances. Underneath the proposition (PDF), […]