Why It Matters That the Consumer Bureau Has Ditched Payday Lending Restrictions
by Kate Dore on Two Cents, shared by Kate Dore to Lif from Lifehacker on (#55HCT)
On Tuesday, the Consumer Financial Protection Bureau (CFPB), a financial watchdog agency, made headlines by rolling back rules for payday lenders. The revised rules say lenders no longer have to assess if borrowers can afford to repay short-term loans.