Category: america advance payday loans

CFPB shows its hand on payday (and name and longer-term high-rate) lending

CFPB shows its hand on payday (and name and longer-term high-rate) lending

We are industry that is sharing response to the proposals also our ideas in additional websites.

The CFPB has relocated a step nearer to issuing loan that is payday by releasing a pr release, factsheet and outline of this proposals it’s considering when preparing for convening a small company review panel needed by the little Business Regulatory Enforcement Fairness Act and Dodd-Frank. The CFPB’s proposals are sweeping with regards to the items they cover while the limits they impose. Continue reading “CFPB shows its hand on payday (and name and longer-term high-rate) lending”