CFPB Finalizes Rule To Get Rid Of Payday Debt Traps

CFPB Finalizes Rule To Get Rid Of Payday Debt Traps

Lenders Must Determine If Consumers Have the capacity to Repay Loans That Require All or the majority of the financial obligation become Paid right back at a time

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today finalized a rule this is certainly directed at stopping debt that is payday by requiring loan providers to find out upfront whether individuals are able to afford to repay their loans. (Pokračování textu…)