Consumer Bureau to Rethink Payday Lending Rules Written Under Richard Cordray

“In the cases that we see, our clients would not pass that test,” said Katherine Hollingsworth, an attorney with the Legal Aid Society of Cleveland who works with payday borrowers. “The lender would not be able to loan to that borrower, because the borrower would not be able to show the ability to repay the loan and cover life’s necessities."

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