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CFPB Rule Could Protect Low-Income Households from Predatory Short-Term Lending

CFPB Rule Could Protect Low-Income Households from Predatory Short-Term Lending

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CFPB Rule Could Protect Low-Income Households from Predatory Short-Term Lending Novelist and essayist James Baldwin when published, “Anyone who has got ever struggled with poverty understands just just how exceedingly high priced it really is become bad.” These terms ring real for people who have actually relied on pay day loans to fulfill instant requirements, be it food, lease or resources. An instant loan of a tiny amount of 300 bucks at excessive interest rates can set a low-income household…

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