1. Strong final prepaid rules were issued, and we saw the beginning of pre-rule activities for Dodd-Frank § 1071 on small business data collection This year, the Consumer Financial Protection Bureau (CFPB) finalized consumer protections for users of prepaid debit...
For example, the Consumer Financial Protection Bureau (CFPB) issued strong final rules to protect consumers who use prepaid cards. CFPB also proposed payday loan rules that would help to prevent consumers from becoming trapped in a cycle of debt,...
Chicago— This holiday season, many will be tempted to turn to payday loans, auto title loans, or high-cost installment loans to purchase gifts. In fact, payday lenders make their greatest profits this time of year. With some of these...