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CFPB Proposes Revisions to Final Payday Installment Loan Rule

CFPB Proposes Revisions to Final Payday Installment Loan Rule The customer Financial Protection Bureau (CFPB) has given highly anticipated proposed revisions to its last payday auto title/high-rate installment loan guideline that will rescind the rule’s ability-to-repay provisions—which the CFPB identifies while the “Mandatory Underwriting Provisions”—in their entirety. The CFPB…

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