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Group Vows to protect CFPB Payday Lending Rule from Republican Congressional Assaults

New Rule Requires Lenders to take into account a Borrower’s capacity to Repay that loan

Washington, D.C. – Following today’s statement from the customer Financial Protection Bureau (CFPB) it will fight efforts by special interest backed-Republicans in Congress to repeal the rule using the Congressional Review Act or other methods that it has finalized a new rule protecting consumers of payday, car title, and other short-term loans, Allied Progress announced.

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