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

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

It’s hard to believe it’s been seven years because the creating associated with CFPB, however it’s simple to keep in mind just what fueled its creation – a crisis that is financial People in america hadn’t seen considering that the Great Depression. And that which was the most flammable fuels in the fire? Mortgages. Particularly, mortgages that customers couldn’t n’t afford, could comprehend, as well as which, in years prior, could not have qualified.