A predatory model that can’t be fixed: Why banking institutions must certanly be kept from reentering the loan business that is payday Editor’s note: within the Washington that is new, of Donald Trump, numerous once-settled policies into the realm of customer protection
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Day-to-day chart interest that is capping on payday advances contributes to more financial obligation and defaults But cooling-off durations and clearer information could make cash-strapped borrowers pause TO YOUR CASUAL observer, business of lending to bad, economically unsophisticated individuals at sky-high interest
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