Group Vows to protect CFPB Payday Lending Rule from Republican Congressional Assaults

Group Vows to protect CFPB Payday Lending Rule from Republican Congressional Assaults Brand New Rule Requires Lenders to take into account a Borrower’s capacity to Repay that loan Washington, D.C. – Following today’s statement from the buyer Financial Protection Bureau (CFPB) it will fight efforts by special interest backed-Republicans in Congress to repeal the rule using the Congressional Review Act or other methods that it has finalized a new rule protecting consumers of payday, car title, and other short-term loans, Allied Progress announced.

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