CFPB Finalizes Payday Lending Rule. Allows loan providers to count on a consumer’s stated income in certain circumstances
CFPB Finalizes Payday Lending Rule. Allows loan providers to count on a consumer’s stated income in certain circumstances On October 5, 2017, the CFPB finalized its long-awaited guideline on payday, automobile name, and certain high-cost installment loans, commonly known as the “payday financing guideline.” The rule that is final ability-to-repay needs on lenders making covered […]