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Industry, Advocates Scramble for Last Word on Payday Lending

Wednesday, October 5, 2016
Tara Jeffries | Morning Consult
Diane Standaert

Progressives such as Robnett want the CFPB to double down on some of its proposed restrictions, which they say don’t go far enough to curb abusive practices. “This ‘ability to repay’ standard must be applied with no exceptions,” said Diane Standaert, director of state policy and executive vice president at the left-leaning Center for Responsible Lending.