Brand New Rules To Ban Payday Lending ‘Debt Traps’

Brand New Rules To Ban Payday Lending ‘Debt Traps’ The customer Financial Protection Bureau on Thursday is proposing regulations that are new protect customers from predatory financing techniques that the CFPB’s top regulator calls “debt traps.” Americans are being “set up to fail” by payday and auto-title lenders, Richard Cordray, the manager regarding the customer …