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Brand Brand New Rules To Ban Payday Lending ‘Debt Traps’

Brand Brand New Rules To Ban Payday Lending ‘Debt Traps’ The buyer Financial Protection Bureau on Thursday is proposing new regulations to protect consumers from predatory financing methods that the CFPB’s top regulator calls “debt traps.” Americans are being “create to fail” by payday and auto-title loan providers, Richard Cordray, the manager associated with the customer Financial Protection Bureau, tells…

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