The user Monetary Safety Bureau is providing the clearest code yet , one to a great 2020 controls reducing requirements to possess payday loan providers is actually jeopardy, despite perform already inside action by world to implement the fresh Trump government laws.
Pretending CFPB Movie director Dave Uejio – designated by Biden government to lead brand new company following the Kathy Kraninger’s resignation – considering their really forceful comments up until now towards 2020 laws, and that got rid of underwriting criteria to have short-dollars loan providers. Read more
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