Ability-to-Repay Stripped from Regulation By Charlene Crowell, Senior Fellow with the Center for Responsible Lending via BPUSA As COVID-19 continues to wreak havoc throughout the country, the Consumer Financial Protection Bureau (CFPB) recently took an ill-advised and untimely action. On July 7, the agency gutted its own 2017 payday rule that required lenders to first […]

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