22Jan
Payday loan providers get unforeseen reprieve from CFPB guideline
Payday loan providers get unforeseen reprieve from CFPB guideline A federal judge delivered another success to payday loan providers by making set up a stick to the conformity date for the customer Financial Protection Bureau’s 2017 lending rule that is payday. That guideline, drafted under previous CFPB Director Richard Cordray, had two key elements: brand brand new underwriting demands for high-cost, small-dollar loan providers, and restrictions on what ordinarily a loan provider can attempt debiting re re...