CFPB Opens Floodgates For Online Marketplace Lender Complaints
PYMNTS
MARCH 8, 2016
All lenders, from online startups to large banks, must follow consumer financial protection laws. “When consumers shop for a loan online, we want them to be informed and to understand what they are signing up for,” said CFPB Director Richard Cordray. It’s really too early to tell,” Webster wrote.
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