Texas Fair Lending Alliance worries about rollback of pay day loan guideline

Texas Fair Lending Alliance worries about rollback of pay day loan guideline

AUSTIN (Nexstar) — The Consumer Financial Protection Bureau (CFPB) is searching to roll a rule back that would require payday and car name loan providers check a borrower’s power to repay the mortgage.

“To maybe not glance at the cap cap ability for the debtor to settle offers some concern,” Ann Baddour, manager associated with the Fair Financial Services Project at Texas Appleseed, stated. Continuer la lecture de « Texas Fair Lending Alliance worries about rollback of pay day loan guideline »