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The buyer Financial Protection Bureau on Tuesday formally rescinded a strategy to impose brand brand brand new limitations on payday financing, handing the industry a significant triumph by killing down tighter guidelines so it invested years lobbying to overturn.
The proposed guidelines might have been 1st significant federal regulations on a market that produces $30 billion per year in high-interest, short-term loans, frequently to currently struggling borrowers. Continuar lendo Let me make it clear about customer bureau scraps cash advance guidelines