NPR

CFPB Strips Some Consumer Protections For Payday Loans

Federal regulators issue a new rule that removes a key provision crafted during the Obama administration. Lenders no longer have to check that borrowers can repay a loan.

Federal regulators have finalized a new rule for payday lenders that strips out a key provision crafted during the Obama administration. Under the , lenders will no longer have to check that

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