Customer Financial Services Law Track. CFPB Rule needs Payday Lenders to Apply “Ability to Repay” Standard to Loans

Customer Financial Services Law Track. CFPB Rule needs Payday Lenders to Apply “Ability to Repay” Standard to Loans Monitoring the economic solutions industry to aid businesses navigate through regulatory conformity, enforcement, and litigation dilemmas Today the customer Financial Protection Bureau (“CFPB” or even the “Bureau”) released a fresh...

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