CFPB provides light that is green predatory payday loan providers

CFPB provides light that is green predatory payday loan providers

The Consumer Financial Protection Bureau (CFPB) recently took an ill-advised and untimely action as continues to wreak havoc throughout the country.

On July 7, the agency gutted a unique 2017 payday guideline that needed lenders to first see whether a customer could manage to repay the high-cost loan.

The pain sensation due to the CFPB gutting the payday guideline will be experienced many by people https://www.paydayloansmichigan.org/ who can minimum manage it, including communities of color that are disproportionately targeted by payday lenders.”

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