Cash advance Rule Finalized: capability to Repay needs Narrowed, but Challenges and Risks Loom big

Cash advance Rule Finalized: capability to Repay needs Narrowed, but Challenges and Risks Loom big On October 5, 2017, the customer Financial Protection Bureau (the “CFPB”) released its last guideline focusing on just what it identifies as “payday financial obligation traps” (the “Rule”). Among other items, the Rule will need loan providers to help make “ability to...

December 24th, 2020 by -