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The bureau, established due to the fact nationwide monetary watchdog, underwent a battle for control this past year after previous President

The bureau, established due to the fact nationwide monetary watchdog, underwent a battle for control this past year after previous President

NATIONWIDE CHANGES

In 2016, the U.S. customer Financial Protection Bureau drafted a guideline requiring lenders that are payday “reasonably figure out that the buyer has the capacity to repay the mortgage” before financing, preventing them from taking advantage of poor customers.