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Cash for absolutely absolutely Nothing : Confessions of a Payday Lender: “I Felt Like a Modern-Day Gangster”

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Cash for absolutely absolutely Nothing : Confessions of a Payday Lender: “I Felt Like a Modern-Day Gangster”

Federal regulators previously this thirty days revealed brand new guidelines aimed at reining in payday loan providers while the excessive charges they charge. Now expect you’ll hear plenty of just what one lender that is payday Phil Locke calls “the lies we would inform once we had been under assault.”

The brand new rules established by the buyer Financial Protection Bureau are reasonably simple, or even additionally a frustration with a customer advocates. Continue reading

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