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.
by Scott Horsley
Jul 07, 2020
1 minute
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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