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 determine whether a consumer could afford to repay the high-cost loan. This regulatory reversal represents a financial […]
The post CFPB gives green light to predatory payday lenders appeared first on Florida Courier.
