CFPB urges court to reject challenge to Payday Rule’s payment conditions On October 23, the CFPB filed a cross-motion for summary judgment into the U.S. District Court for the Western District of Texas in ongoing litigation involving two loan that is payday teams (plaintiffs) in regards to the Bureau’s 2017 final rule covering payday advances,...

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Regulators place tougher limitations on bank pay day loans The us government is imposing tougher limitations on banking institutions offering short-term, high-interest loans which have been blamed for trapping some Americans in a period of financial obligation. On Thursday, any office associated with Comptroller associated with Currency and also the Federal Deposit Insurance Corp. issued...

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