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Director Kraninger will probably just take a comparable approach to payday lending enforcement during her tenure.

Posted by on August 22, 2020 at 6:17 am

31 We anticipate that the latest CFPB leadership will stay litigating active instances against payday lenders, including one notable pending action, filed under previous Acting Director Mulvaney, against an organization that offered retirement advance items. 32 The Bureau additionally recently settled a 2015 enforcement action against offshore payday lenders for misleading advertising strategies and gathering [...]