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A push to delay the payday lending rules.

Four consumer groups are asking a federal judge to deny a request by the CFPB and a payday lending group to place a strict short-term loan rule on hold.

Public Citizen, Americans for Financial Reform Education Fund, the Center for Responsible Lending, and the National Consumer Law Center accuse the agency and the trade group of trying to end run federal laws governing how rules are supposed to be issued.

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David Baumann

 

Credit Union Times

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