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  • CFPB Finalizes Rule To Cease Payday Debt Traps

    Lenders Must Determine If Consumers Have the capacity to Repay Loans That Require All or the majority of the financial obligation become Paid straight back at a time WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today finalized a rule that is targeted at stopping payday financial obligation traps by requiring lenders to ascertain…