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Without a doubt about brand New Rules To Ban Payday Lending ‘Debt Traps’

Without a doubt about brand New Rules To Ban Payday Lending ‘Debt Traps’

The buyer Financial Protection Bureau on Thursday is proposing brand new laws payday loans Laurel bad credit to protect customers from predatory lending techniques that the CFPB’s top regulator calls “debt traps.”

Americans are being “create to fail” by payday and auto-title lenders, Richard Cordray, the manager regarding the customer Financial Protection Bureau, tells NPR.