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Let me make it clear about CFPB Finalizes Payday Lending Rule the CFPB finalized its long-awaited guideline on payday, automobile name, and specific high-cost installment loans, commonly named the “payday financing rule.” The rule that is final ability-to-repay demands on loan providers making covered short-term loans and covered longer-term balloon-payment loans. For many covered loans, [...]

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