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01
Dec

CFPB Takes Aim at Cash Advance Debt Traps

CFPB Takes Aim at Cash Advance Debt Traps The payday loan industry has preyed on low-income workers by offering short-term loans with sky-high interest rates and fees for two decades. Now the five-year-old customer Financial Protection Bureau is using the very very very first major actions to control the sector's predatory methods. Underneath the proposed laws announced this week, payday lenders need to ensure that a debtor are able to…

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