Community Group Files Suit Challenging CFPB Revised Payday Loan Rule

The National Association for Latino Community Asset Builders filed suit in U.S. District Court against the Consumer Financial Protection Bureau, demanding that the original payday lending rule be restored. The lawsuit specifically targets the no-underwriting lending portion of the rule, saying that it helps lenders, not consumers, contrary to the consumer protection mission assigned to the CFPB.

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Community Group Files Suit Challenging CFPB Revised Payday Loan Rule

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