Regulating Payday Loans: Why this Should Make the CFPB’s Short List
Harvard Business Law Review Online, Vol. 2, p. 44, 2011
9 Pages Posted: 10 Oct 2011
Date Written: October 10, 2011
This article briefly describes the history of the Consumer Financial Protection Bureau (CFPB), describes payday and title loan products and their customers, describes the CFPB’s general powers, then discusses how and why the CFPB might use its particular powers to bring this industry into compliance with lending norms used throughout the rest of the civilized world.
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