Let me make it clear about CFPB Finalizes Payday Lending Rule

Let me make it clear about CFPB Finalizes Payday Lending Rule the CFPB finalized its long-awaited rule on payday, car name, and certain high-cost installment loans, commonly described as the “payday lending guideline.” The last guideline places ability-to-repay demands on loan providers making covered short-term loans and covered longer-term balloon-payment loans. For many covered loans, …

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