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Category: payday financing. Shark 2016 – We’re going to need a bigger boat week!

Category: payday financing. Shark 2016 – We’re going to need a bigger boat week!

It is Shark Week! While ocean going sharks will likely be within the limelight, it’s the predatory payday loan sharks which can be the genuine risk in our areas.

This we’ve got a chance to build a lifeboat to keep our families out of harm’s way with new proposed rules from the Consumer Financial Protection Bureau year.

Editorial: The Trump management says hooray to pay day loan financial obligation traps

Editorial: The Trump management says hooray to pay day loan financial obligation traps

One of several Obama administration’s signature consumer-protection actions would be to write a long-awaited, poorly needed collection of guidelines for pay day loans that the buyer Financial Protection Bureau issued in November 2017. So that it ended up being scarcely astonishing Wednesday if the Trump management, which includes dedicated therefore effort that is much erasing its predecessor’s accomplishments, stumbled on the rescue regarding the payday lenders that monetize the desperation of financially strapped People in america.