Cash advance Law Finalized: “Ability to Repay” Requirements Narrowed

Cash advance Law Finalized: “Ability to Repay” Requirements Narrowed On April 5, 2017, the individual Investment coverage Bureau (the “CFPB”) introduced their best law focusing on just what it means as “payday financial obligation catches” (the “Rule”). On top of other things, the Rule will require creditors develop “ability to pay back” determinations before providing…

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