Move to Pull Consumer Protection Rule Heightens Debate over Payday Lending

The Consumer Financial Protection Bureau is seeking to rescind a proposed rule to safeguard borrowers from payday lenders. The Consumer Financial Protection Bureau is seeking to rescind a proposed rule to safeguard borrowers from payday lenders. A rule drawn up by the CFPB under then President Barack Obama would make it harder for Angela to get her payday loan.

Source: www.npr.org