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That configuration "thrives on trapping financially distressed customers in a sequence of unaffordable loans," he said in expression praising the CFPB. The Consumer Confederation of America also urged lawmakers to go a 36 percent interest-rate top on payday loans to active-duty U.
But there are bills during in Congress to more unsmilingly delimit the types of regulations the CFPB can introduce, and Republicans be suffering with called in compensation Payday loans Dogwood Donald Trump to firing Cordray.