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CFPB Supervisory Highlights “Spring 2014”

2.3 Short-term, small-dollar lending The Dodd-Frank Act gave the CFPB supervisory and enforcement authority over payday lenders, which generally provide short-term, small-dollar loans directly to consumers. The CFPB officially launched its payday lending supervisory program in January 2012, marking the first time these lenders have been subject to .. Read more