CFPB headquarters. CFPB headquarters. (Source: Shutterstock)

Trade groups representing payday lenders are pressing a Texas federal judge to void the CFPB’s controversial payday loan rule.

The Consumer Financial Services Association of America and a Texas trade group contended that since the U.S. Supreme Court declared the original structure of the CFPB unconstitutional, the rule should be thrown out as well.

David Baumann


Credit Union Times

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