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Why the government that is federal keep payday defenses in position.

Why the government that is federal keep payday defenses in position. In November my review here 2017, the customer Financial Protection Bureau (CFPB) issued a guideline needing lenders that are payday assess a borrower’s capacity to repay before generally making that loan. Then, in February, the agency reversed program and announced a plan to rescind the core popular features of the rule. The states have regulated small-dollar, high-cost loans primarily through controls on the price of credit and limits on other [...]