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CFPB Prioritizes Small Dollar Lending

The CFPB indicated its intention to focus on small-dollar lending activity and expressed a concern for any lender’s business model that is dependent on consumers’ inability to repay their loans. CFPB’s Supervisory Highlights found violations in small-dollar lending. ....

Fall Supervisory Highlights , Supervisory Highlights , Fpb Supervisory Highlights , Financial Institutions , Small Business Loans , Consumer Finance Law ,