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Arise legislative recap: May 10, 2019


The Consumer Financial Protection Bureau (CFPB) is threatening to reverse a rule that promotes financial security for borrowers across the country. This week, we look at the CFPB’s proposal to eliminate a requirement for payday lenders to determine whether borrowers have the ability to repay before lending to them. Arise’s Mike Nicholson discusses this proposed change ahead of the May 15, 2019, comment deadline.

 

Visit this link by May 15, 2019, to tell the CFPB to keep this important consumer protection intact.