10.06.2016 21:23:00
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Moody's: CFPB proposal will require drastic changes to payday and title lenders' business models and capital structures
New York, June 10, 2016 -- The Consumer Financial Protection Bureau (CFPB) proposed rules on 2 June 2016 that will require drastic changes to payday and title lenders' business models and capital structures and increase the risk of default, said Moody's Investors Service.