The user Economic Security Agency are providing their clearest signal yet you to definitely a 2020 controls easing standards to possess pay day loan providers is during jeopardy, even after work currently within the action of the industry to apply the brand new Trump management laws.
Acting CFPB Manager Dave Uejio – appointed by Biden management to lead this new agency after the Kathy Kraninger’s resignation – offered his most powerful comments up to now to your 2020 signal, hence eliminated underwriting standards having quick-dollar loan providers. Continue Reading CFPB poised so you’re able to reinstate difficult posture on pay check lenders