Changes On Deck For The CFPB’s Payday Lending Rule
PYMNTS
JANUARY 22, 2019
Could it be that the CFPB, under new Executive Director Kathy Kraninger , will be moving directly to eliminate the more controversial provisions of its payday lending rule? In April, Mulvaney sided with two payday lending groups that sued the CFPB in an attempt to invalidate the regulatory restrictions created by the new rules.
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