CFPB rolls straight back ‘ability-to-repay’ part of payday financing guideline

CFPB rolls straight back ‘ability-to-repay’ part of payday financing guideline The customer Financial Protection Bureau (CFPB) on Tuesday eliminated the “ability-to-repay” conditions from the 2017 payday lending guideline that never ever took effect, but happens to be the foundation of the court battle that is drawn-out. The conditions might have restricted how many consecutive, short-term …

CFPB rolls straight back ‘ability-to-repay’ part of payday financing guideline Read More »