House Financial Services Committee Chairwoman Waters sends letter to President-elect Biden with recommended rule rescissions and other actions
CFPB Monitor
DECEMBER 16, 2020
The CFPB, under new leadership, should be directed “to aggressively protect consumers by enforcing the law.”. The CFPB should rescind the July 2020 rule that rescinded the underwriting provisions in its 2017 rule on Payday, Vehicle Title, and Certain High-Cost Installment Loans (2017 Payday Rule) and reinstate the 2017 Payday Rule.
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