CFPB Takes Aim at Cash Advance Debt Traps

CFPB Takes Aim at Cash Advance Debt Traps The payday loan industry has preyed on low-income workers by offering short-term loans with sky-high interest rates and fees for two decades. Now the five-year-old customer Financial Protection Bureau is using the very very first major actions to control the sector’s predatory methods. Beneath the proposed laws announced this week, payday loan providers...

December 4th, 2020 by - 

CFPB Problems Final Rules on Payday and Car Title Loans

CFPB Problems Final Rules on Payday and Car Title Loans The customer Financial Protection Bureau (CFPB) issued its last rule on payday, car name, and high-cost that is certain loans. The rule that is new effective and imposes strict underwriting demands and re re payment limitations on particular covered loans. Make sure to review our blog that is previous post Releases Long Awaited Small Dollar Rule:...

November 26th, 2020 by -