CRA Resolution Seeks to Disapprove CFPB’s Payday Loan Rule

December 21, 2017

An update from Dechert's Financial Regulation Reform Tracker

A House resolution was introduced that would disapprove the Consumer Financial Protection Bureau’s (CFPB) recent Payday, Vehicle Title, and Certain High-Cost Installment Loans Rule. The Rule prohibits certain lending practices deemed unfair and abusive by the CFPB.

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