Federal regulators issue a new rule for payday lenders that strips out a key provision crafted during the Obama administration. Lenders no longer have to check that borrowers can repay a loan.
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Wednesday, 8 July 2020
loobobilly News: CFPB Strips Some Consumer Protections For Payday Loans
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Federal regulators issue a new rule for payday lenders that strips out a key provision crafted during the Obama administration. Lenders no longer have to check that borrowers can repay a loan.
Read more on NPR
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