CFPB rolls back restrictions on payday loan providers

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Payday loan providers won’t have to confirm whether individuals arriving to remove short-term, high-interest loans could be in a position to spend them right straight right back, the buyer Financial Protection Bureau stated this week.

The rule that is new one written beneath the national government that could have needed lenders to consider someone’s income and other month-to-month payments — like rent, son or daughter help or pupil financial obligation — before going for that loan. Leer más