CFPB Eliminates Consumer Protections from Payday and Automobile Title Loans During COVID-19 Pandemic

CFPB Eliminates Consumer Protections from Payday and Automobile Title Loans During COVID-19 Pandemic

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Yesterday, the buyer Financial Protection Bureau (CFPB) eliminated customer protections against predatory payday and car name loan providers, making Georgia families subjected to the harms of vehicle name financing. While Georgia’s usury limit provides defenses through the cash advance debt trap, abusive automobile title lending nevertheless plagues Georgia.
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