Tag: payday

Business Law & Regulations, Finance

Obama administration proposes regulations to address payday loan ‘debt traps’

June 6, 2016

Via: Jurist

The Consumer Financial Protection Bureau (CFPB) proposed a rule on Thursday seeking to address predatory loaning practices by “payday” and other high-interest lenders. The 1,000-plus-page regulation suggests two policies of note. First, the agency proposed that those lending short-term, pay-day […]