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Customer Financial Protection Bureau Defends Borrowers from Prohibited High-Cost Loans

Customer Financial Protection Bureau Defends Borrowers from Prohibited High-Cost Loans Washington, DC – The Consumer Financial Protection Bureau (CFPB) yesterday took action against four tribally affiliated online payday installment loan providers for deceiving customers and debt that is collecting had not been lawfully owed in lots of states considering that the loans surpassed state rate … Continued

Payday advances are of specific policy import since they’re a controversial economic product, outlawed in a lot of states and tightly controlled in a number of other people.

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