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WH claims hooray to pay day loan debt traps

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One of many Obama administration’s signature consumer-protection actions would be to compose a long-awaited, defectively needed collection of guidelines for payday advances that the customer Financial Protection Bureau issued in November 2017. So that it had been barely astonishing Wednesday once the Trump management, that has dedicated so much effort to erasing its predecessor’s achievements, found the rescue regarding the payday lenders that monetize the desperation of financially strapped People in america. Continue reading