CFPB Plans Unprecedented Brand New Rules on PayDay Lending

CFPB Plans Unprecedented Brand New Rules on PayDay Lending On March 26, 2015, CFPB Director Richard Cordray announced an outline that is proposed of to payday financing that could greatly affect the current foibles. The brand new guidelines would deal with both short-term and longer-term credit services and products such as for example pay day loans; deposit advance products; high-cost installment loans; particular other open-end credit lines as well as other loans. Director Cordray claimed that the objective of the

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