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Texas Fair Lending Alliance worries about rollback of cash advance rule

Texas Fair Lending Alliance worries about rollback of cash advance rule

AUSTIN (Nexstar) — The Consumer Financial Protection Bureau (CFPB) is wanting to roll back a rule that would need payday and car name loan providers check a borrower’s power to repay the mortgage.

“To maybe maybe maybe not glance at the cap cap ability for the debtor to repay offers some concern,” Ann Baddour, manager regarding the Fair Financial Services Project at Texas Appleseed, stated. Continue reading