The Traderszone Network

Published in TZ Latest News 31 October, 2017 by The TZ Newswire Staff

Payday Lending Rules Seem Likely To Escape The CRA

Last week, at the end of an otherwise dramatic day on Capitol Hill, the Senate managed to pull off something of a twist ending: the repeal of the CFPB’s arbitration rule via a Senate vote that invoked the Congressional Review Act (CRA) to prevent the rule from ever going into effect – and to prevent any consideration of a similar rule change for the next five years.

The vote came down to a 50-50 tie that was broken by Vice President Mike Pence.

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