Small-dollar loans. CFPB stops direction of Military Lending Act (MLA) creditors

Small-dollar loans. CFPB stops direction of Military Lending Act (MLA) creditors In February 2019, the CFPB circulated the highly expected revamp of their Payday Rule, reinforcing its more lenient attitude towards payday lenders. In light regarding the Bureau’s softer touch, along with comparable developments in the banking agencies, we anticipate states to move to the …

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