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Customer Watchdog Curbs Unaffordable 300% Pay Day Loans

Customer Watchdog Curbs Unaffordable 300% Pay Day Loans

FOR IMMEDIATE LAUNCH: OCTOBER 5, 2017 || NCLC ASSOCIATES: Lauren Saundersor Jan Kruse

State rate of interest caps stay the strongest & most crucial customer security

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today issued your final pay day loan guideline that takes a substantial action to restrict loan providers from making unaffordable loans and may disrupt the payday loan debt trap that is heinous. But state interest caps stay critical, advocates in the nationwide customer Law Center (NCLC) emphasized.

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