On Tuesday, the Consumer Financial Protection Bureau (CFPB), a financial watchdog agency, made headlines by rolling back rules for payday lenders. The revised rules say lenders no longer have to assess if borrowers can afford to repay short-term loans.

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On Tuesday, the Consumer Financial Protection Bureau (CFPB), a financial watchdog agency, made headlines by rolling back rules for payday lenders. The revised rules say lenders no longer have to assess if borrowers can afford to repay short-term loans.

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Why It Matters That the Consumer Bureau Has Ditched Payday Lending Restrictions