Payday Advances Under Assault: The CFPB’s Brand New Guideline Could affect high-Cost, dramatically Short-Term Lending
Payday Advances Under Assault: The CFPB’s Brand New Guideline Could affect high-Cost, dramatically Short-Term Lending On June 2, 2016, the buyer Financial security Bureau (“CFPB” or “Bureau”) proposed a rule that is new its authority to supervise and control specific payday, automobile name, as well as other high-cost installment loans (the “Proposed Rule” or even …