Reading Between the Lines: Surprises in CFPB’s Pay Day Lending Proposal
The biggest surprise in the CFPB’s pay day lending proposal is not what it says, but what it doesn’t say. Rather than mentioning Regulation Z, or the Truth in Lending Act when it proposed its payday lending restrictions, the CFPB relied on its power to regulate Unfair Deceptive and Abusive Practices. [8/17/16]