Press Release April 02, 2014

PRESS: CFPB Sets Sights on Payday Lenders ‘Cycle of Debt’ (Law360)

Goodwin partner Sabrina Rose-Smith discusses new rules the Consumer Financial Protection Bureau is expected to set for the payday lending industry. These rules, which will require lenders to confirm borrowers’ ability to make payments, aim to protect against a cycle of debt, but risk turning away consumers in need of fast cash.

Read the full text of the Law360 article on the CFPB and payday loans.