CFPB Payday Lending Rule Will Protect Consumers, Disrupt Abusive Predatory Business Model
Rule is Key First Step to Stopping the Debt Trap WASHINGTON, D.C. – Today, national consumer and civil rights advocates welcomed the Consumer Financial Protection Bureau’s (CFPB) new rule to limit short-term payday and car-title lenders’ ability to trap borrowers in an endless cycle of debt. The payday lending rule will result in fewer families falling into financial ruin. At...