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June 2016

Why the CFPB APR for installment loans is 36%

2016-06-08
By: Esperanza H. Graham
On: June 8, 2016
In: Uncategorized
With: 0 Comments

Lenders question the legal rationale for the Consumer Financial Protection Bureau’s proposal for a 36% annual percentage rate threshold as part of its plan to curb payday lending, saying loans made at that rate are not profitable. The centerpiece of the CFPB’s proposal would require lenders to take out smallRead More →

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