A Discussion of the CFPB’s Proposed Changes to its Payday Loan Rule
In this podcast, we look at the CFPB’s rationale for its proposal to rescind the ability to repay provisions of its payday loan rule, what the payment provisions still set to take effect on Aug. 19 require and the implementation challenges, how industry input could improve the final outcome, the potential impact of pending litigation challenging the rule, and possible legal challenges to the proposals.
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