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Norbert Michel: Consumers Win As Consumer Financial Protection Bureau Finalizes Payday Loan Rule


On Tuesday, the Consumer Financial Protection Bureau officially rescinded the most harmful provisions of its 2017 payday lending rule.Good riddance. Thankfully, Bureau Director Kathy Kraninger stood up to the onslaught from so-called consumer activists trying to keep the old rule in place. In the official announcement, Kraninger (correctly)

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Posted: July 8, 2020 Wednesday 05:18 PM