Latest developments from the CFPB (Consumer Financial Protection Bureau), regulator of consumer protection actions among financial institutions and other organizations.
Payday, Vehicle Title, and Certain High-Cost Installment Loans (withdrawal of ‘ability to pay,’ mandatory underwriting)
Title: Payday, Vehicle Title, and Certain High-Cost Installment Loans Subject: Payday lending Agency: CFPB Status: Final rule Summary: The Bureau of Consumer Financial Protection (Bureau) is issuing this final rule to amend its regulations governing […]