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The Trump Administration Simply Gutted Payday-Lending Regulations

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The Trump Administration Simply Gutted Payday-Lending Regulations

Under Trump appointee Mick Mulvaney, the CFPB is rendering it easier for predatory loan providers to make use of the many susceptible customers.

By Michelle Chen Twitter

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January 16 ended up being allowed to be the afternoon of reckoning for a notorious predatory-lending industry, each time a guideline through the Obama administration’s consumer-watchdog agency would finally begin to control a company that is fleecing the indegent. Voir la suite