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Why The Final Payday Lending Rules Are Far From The Last Word

PYMNTS

Last week, after five years of debates, discussions, arguments and waiting, the Consumer Financial Protection Bureau’s (CFPB) final rules for payday lending dropped. Payday lenders have exploited loophole after loophole to trap working people in debt, and this rule will help put an end to their abusive practices.”.

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Regulatory Chessboard Reconfigured: New Leadership Set to Shape Financial Oversight

Innovative Payments Association

As evidence of this, Rodney Hood, the former chairman of the National Credit Union Administration Board (NCUA) , was appointed to be the acting comptroller on Feb. But that did not lead to him being nominated for the comptroller position. Jonathan McKernan, the CFPB nominee, was nominated to head the CFPB on Feb.

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President Trump issues Executive Order on digital assets

The Payments Association

the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), or the National Credit Union Administration (NCUA)) are not included in the Working Group, especially given the allegations of an ‘Operation Choke Point 2.0.,’