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CFPB gets unprecedented standard of remarks on payday, title and installment loan proposal that is high-cost

CFPB gets unprecedented standard of remarks on payday, title and installment loan proposal that is high-cost We now have submitted responses with respect to a few customers, including responses arguing that: (1) the 36% all-in APR “rate trigger” for defining covered longer-term loans functions being an unlawful usury limitation; (2) numerous provisions of this proposed […]