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CFPB issues report on state payday loan extended payment plans

By Alan S. Kaplinsky on April 7, 2022
Posted in CFPB, Payday Lending, Regulatory and Enforcement

A new CFPB report, “Market snapshot: Consumer use of State payday loan extended payment plans,”  describes the requirements of state payday loan extended payment plan laws in the 16 states that have such laws.

The report also compares extended payment plan usage to payday loan rollover and default rates. … Continue Reading

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