CFPB Finalizes Rule To Cease Payday Debt Traps

CFPB Finalizes Rule To Cease Payday Debt Traps Lenders Must Determine If Consumers Have the capability to Repay Loans That Require All or the majority of the debt to back be Paid at the same time WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today finalized a rule that is directed at stopping payday …

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