CFPB Moves to Weaken Payday Lending Regulations

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Members of the Faith for Just Lending coalition support a strong small dollar lending rule from the CFPB. We are disappointed and concerned with the recent move to weaken the all-important ability to repay standard in the rule as finally proposed in October of 2016.

The Cooperative Baptist Fellowship has created a short summary of this most recent action along with some historical context. Click here to view that document.