Federal crackdown on abusive payday advances could backfire in nyc

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Federal crackdown on abusive payday advances could backfire in nyc

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The federal watchdog agency for customer financial loans just released a draft of nationwide guidelines when it comes to lending industry that is payday. In many states, these guidelines are a definite welcome initial step toward reining in payday loan providers, whoever busine model involves charging you on average 300per cent yearly interest, primarily to low-income individuals who can minimum ...

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