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Rules to protect payday loan customers are under attack...again - Oklahoma Policy Institute
In the fall of 2017, the Consumer Financial Protection Bureau (CFPB) issued new rules to protect payday loan customers from some of the most harmful practices in that industry. But now the same federal agency that issued the rule has announced plans to scrap important provisions of it, leaving many consumers unprotected. The good news is that this proposal to roll back the payday rule is still just a proposal. Before this proposal can be finalized, the agency must first allow for public comments, and you can easily submit one.