Feds Plan Cash Advance ‘Financial Obligation Trap’ Crackdown

Feds Plan Cash Advance 'Financial Obligation Trap' Crackdown Regulators plan brand brand brand new rules about payday advances The government that is federal Thursday brand brand new intends to break straight straight straight down on pay day loans and tighten defenses for the low-income borrowers who use them. Meant as a short-term method to get free from economic jam, the buyer Financial Protection Bureau (CFPB) states pay day loans can be “debt traps” that harm many people in the united states. The proposals...

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