CFPB Proposed Rules Address Pay Day Loans and Impose New Customer Diligence Demands

CFPB Proposed Rules Address Pay Day Loans and Impose New Customer Diligence Demands The buyer Financial Protection Bureau (“CFPB”) the other day announced long-awaited proposed rules governing pay day loans along with other high-cost credit items, including that loan providers has to take actions to make certain potential borrowers are able to repay them. 1 […]