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CFPB Issues Final Rules on Payday and Car Title Loans

CFPB Issues Final Rules on Payday and Car Title Loans

The customer Financial Protection Bureau (CFPB) issued its last guideline on payday, automobile name, and specific high-cost installment loans. The rule that is new effective in 2019 and imposes strict underwriting demands and payment limitations on particular covered loans. Make sure to review our past post “CFPB Releases Long Awaited Small Dollar Rule: 5 Things you should know” for additional information.