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The petition shows that the CFPB could face subsequent legal actions in the event that guideline limiting debit card repayments on payday advances becomes effective.

The customer Financial Protection Bureau was determined to maneuver ahead with a vital bit of its payday financing guideline. However a challenge by way of a Tennessee loan provider towards the guideline's alleged repayment supply could stay in how.

Advance Financial made an official demand in December 2018 that the CFPB exclude debit cards through the guideline's payment restrictions that l k for to restrict how frequently a loan provider can access a consumer’s bank account.