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CFPB Should Leave Cash Advance Users Alone

CFPB Should Leave Cash Advance Users Alone

The customer Financial Protection Bureau (CFPB) is concluding brand new laws that could finally power down payday loan providers, and there’s no indicator they’ll modification program. Some people of Congress have actually attempted to remain true for the version that is state-regulated of industry, nevertheless the tide is against them.

Just last year, an advocacy group established an advertisement campaign through the Discovery Chanel’s Shark Week, painting the cash advance industry as a number of vicious predators.