Federal legislation of payday advances is really a victory for states’ liberties Not anymore. The customer Financial Protection Bureau (CFPB), the agency faced with implementing and enforcing federal customer legislation, simply revealed a brand new rule establishing, the very first time, consistent nationwide standards for payday advances and comparable types of credit. Underneath the guideline, loan providers is going to be expected to validate a borrower’s capability to repay before generally making a loan. Experts of this CFPB guideline, such…