22 Apr CFPB’s Latest Regulations For Short-Term Loan Industry
Posted at 19:46h
in News from Centrinex
Consumer Finance Protection Bureau’s Latest Proposed Regulations Sweeping the Short-Term Loan Industry
At the end of March 2015, the Consumer Finance Protection Bureau (CFPB) met in Richmond, VA. Out of that meeting comes the latest round of sweeping federal regulatory proposals affecting the short-term loan industry, specifically targeting loans lasting longer than 45 days where the all-in annual percentage rate is over 36 percent.