New Rules Impact Predatory Payday Lending Practices
Consumer Rights Law Firm Serving Clients in Chicago, Illinois, and Nationwide Posted: June 3, 2016 On June 2nd, the Consumer Financial Protection Bureau (CFPB) proposed new regulations to protect consumers against “debt traps” created by short-term lenders. Often simply called “payday” or “auto-title” loans, these high-interest loans typically have the largest impact on men and …
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