CFPB Sets Sights On Payday Lending 'Cycle Of Debt'

By Evan Weinberger (March 25, 2014, 7:27 PM EDT) -- With the Consumer Financial Protection Bureau closing in on new rules for the payday lending industry, consumer advocates and industry attorneys predict the bureau is likely to force payday lenders to verify consumers have the ability to repay those loans just as mortgage lenders and others must do.  ...

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