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The brand new CFPB guidelines that the President ended up being marketing would significantly change exactly how lenders that are payday their company.

January 26th, 2020

OBAMA: If you’re making that gain trapping hard-working People in america right into a vicious period of financial obligation, you’ve surely got to find a brand new enterprize model. You’ve got to locate a brand new means of doing company.

The CFPB does have the authority n’t to restrict rates of interest. » Read more: The brand new CFPB guidelines that the President ended up being marketing would significantly change exactly how lenders that are payday their company.