CFPB Claims Payday Advances Out, Alternative Data Underwriting In?

CFPB Claims Payday Advances Out, Alternative Data Underwriting In? The other day, the customer Financial Protection Bureau (CFPB) announced last guidelines putting significant limitations in the payday financing business design In line with the CFPB, the brand new rules will “stop payday financial obligation traps by needing loan providers to ascertain upfront whether consumer are …

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