CFPB Payday Loan Rulemaking is Imminent and Will Target Repeated Borrowing
By EsqSocial Corporation 26/03/14
The CFPB has marshaled data against what it sees as a sustained use problem by payday loan borrowers and is “in the late stages” of drafting rules to limit payday loan borrowing, according to Director Cordray’s remarks prepared for today’s field...
By: Ballard Spahr LLP