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CFPB reveals intend to move right back payday lending guidelines

Dennis Ross in Congress conference.

Bill Clark/Getty Images

The customer Financial Protection Bureau announced it intends to move straight back its Payday Lending Rule targeted at protecting customers through the high-interest short-term loans. The proposed modifications could be among the first major policy implementations produced by brand brand new manager Kathy Kraninger.

Created in 2018, the Payday Lending rule aimed to protect customers from bad financing methods and payment punishment. Continue reading