The CFPB has approved Bank of America’s no action letter application for its new short-term, payday loan program. Bank of America is the first major bank to receive such a letter. The application was based on the No-Action Letter Template issued by the CFPB on May 22, 2020…Read More
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CFPB GRANTS SAFE HARBOR TO BANK OF AMERICA FOR SMALL DOLLAR LOAN PROGRAM
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