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We write to precise concern concerning the announcement that the buyer Monetary Protection Bureau (CFPB) will start the entire process of reconsidering and fundamentally repealing the Bureau’s recently finalized Payday, car Title, and Certain Excessive-Price Installment Loans rule, also referred to as the payday lending rule. ” We treat this movement aside from the dismissal of ongoing enforcement actions in opposition to predatory loan providers as antithetical towards the CFPB’s objective. (more…)