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The CFPB’s Payday Lending Rule is a Grand Slam for Banks and Credit Unions

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The CFPB’s Payday Lending Rule is a Grand Slam for Banks and Credit Unions

It’s hard to believe it is been seven years considering that the creating associated with CFPB, however it’s very easy to keep in mind exactly just what fueled its creation – a financial meltdown that People in america hadn’t seen considering that the Great Depression. And the thing that was one of the more flammable fuels in the fire? Mortgages. Particularly, mortgages that customers couldn’t pay for, couldn’t realize, as well as which, in years prior, could not have qualified.

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