Customer Bureau Scraps Restrictions on Pay Day Loans Lenders spent years fighting prepared brand new rules they said would gut a short-term financing market very often actually leaves borrowers caught with debt. The customer Financial Protection Bureau on Tuesday formally rescinded an idea to impose new limitations on payday financing, handing the industry an important success by killing down tighter …

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Fighting your debt trap of triple-digit rate of interest pay day loans Payday advances are designed to be a short-term fast solution for many who can not get credit that is traditional. However the loans are hardly ever really short-term, and borrowers often have to take away a loan that is second repay the very first. Special correspondent Andrew Schmertz …

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