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Loan providers state regulations implementing cash advance database are ‘excessive,’ but supporters praise it for ‘protecting customers’

Loan providers state regulations implementing cash advance database are ‘excessive,’ but supporters praise it for ‘protecting customers’

The state’s Financial Institutions Division invited people to consider in Wednesday in the utilization of a situation pay day loan database, with detractors calling proposed laws “burdensome” and supporters arguing these are the way that is only protect susceptible families from “predatory” loan providers.