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Fight illegal loans that are payday to banking institutions — Nati Harnik, Associated Press By Jennifer Bjorhus , Celebrity Tribune 09, 2013 – 4:53 PM november Payday advances are quicksand that is financial borrowers, and authorities have actually labored for many years to place a lid on misleading short-term loans with interest levels such as…

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Studies question worth of anticipated CFPB cash advance limitations The CFPB’s payday loan rulemaking had been the main topic of a NY occasions article earlier this Sunday that has gotten considerable attention. Based on the article, the CFPB will “soon release” its proposition which will be likely to add an ability-to-repay requirement and restrictions on…

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