In this website post, we share our applying for grants the way the CFPB’s contemplated proposals using aim at payday (as well as other small-dollar, high-rate) loans (“Covered Loans”) will affect “short-term” Covered Loans as well as the flaws we come across into the CFPB’s capability to repay analysis. ( Our blog that is last post at the CFPB’s grounds for the proposals.)
Effect. The CFPB intends to provide two ...
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2021