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no teletrack payday loans

CFPB regulates pay day loans, auto-title loans

Overview

The U.S. customer Financial Protection Bureau announced a guideline on high priced payday and automobile name loans built to restrict re-borrowing that is costly cutting down use of emergency loans

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The government’s that is federal watchdog managed payday and auto-title loans Thursday, saying its guideline was designed to stop the “debt trap” of repeat borrowing without cutting individuals removed from crisis credit.