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CFPB problems Final Rules on Payday and car Title Loans—minimal Impact for Auto Lenders

CFPB problems Final Rules on Payday and car Title Loans—minimal Impact for Auto Lenders

Regulatory, conformity, and litigation developments into the economic solutions industry

The customer Financial Protection Bureau (CFPB) issued its last rule on payday, car name, and specific high-cost installment loans. The brand new guideline is effective in 2019 and imposes strict underwriting demands and re re payment limitations on specific covered loans.