CFPB Proposes to Relax Cash Advance Regulation

CFPB Proposes to Relax Cash Advance Regulation Customer advocates sound concern about “debt traps. ” Alternative methods to borrow funds. The buyer Financial Protection Bureau today proposed rolling back the provision that is key of Obama-era financing guideline made to protect individuals using short-term, high-interest loans, also called small-dollar or payday advances. Underneath the proposition…