Category: CFPB Payday Loan Rule
Good News and Bad News Relating to CFPB Payday Loan and Auto Title Loan Regulation
The CFPB has proposed a final rule that prohibits a lot of the worst practices in the Payday Loan industry as well as practices involving Auto Title Loans and other abusive loans. These regulations are primarily intended to get people out of the “debt trap” that happens when you are forced to roll over payday […]