Day: September 19, 2017

New CFPB Rule Could Put Huge Dent in Payday Loan Profits

A battle is about to ensue as Republican lawmakers and lobbyists prepare to fight it out over legislation designed to curb payday lending. The Consumer Financial Protection Bureau plans to issue a ruling that would put a big dent in the profits of the $6 billion payday loan industry. Lobbyists who represent payday lenders say