Blog posts

    Consumer Financial Protection Bureau Rescinds Payday Loan Rule

    Payday Loans

    By Brian Skinner, Esq.

    In a little reported development that is likely to have a big impact on consumer lending, in July, the Consumer Financial Protection Bureau (CFPB) rescinded its 2017 payday loan rule. The move could leave millions of Americans at high risk of becoming trapped in a cycle of debt.