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CFPB Finalizes Payday Credit Guideline. Creditworthiness examination

4 ديسمبر، 2021
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CFPB Finalizes Payday Credit Guideline. Creditworthiness examination On October 5, 2017, the CFPB completed the long-awaited tip on payday, car title, and some high-cost installment financing, commonly referred to as the payday financing guideline. The final rule areas ability-to-repay specifications on lenders creating covered short term financing and covered long-term balloon-payment loans. Regarding covered debts, and certain long-term installment loans, …

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