Around the Net
New Regulations Crack Down On Payday Lenders
- Los Angeles Times, Friday, October 6, 2017 8 AM
The long-awaited rules from the Consumer Financial Protection Bureau — the first broad federal regulations — would require lenders in most cases to assess whether a consumer can repay the loan. “The CFPB’s new rule puts a stop to the payday debt traps that have plagued communities across the country,” said Richard Cordray, the bureau’s director.
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