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Some studies that are useful “Do State Regulations Affect Payday Lender focus?”

Some studies that are useful “Do State Regulations Affect Payday Lender focus?”

Experts argue that the charges are excessive and amount to lending that is predatory. “It’s much like engaging in a taxi merely to ride across city and choosing yourself stuck in a ruinously expensive cross-country journey,” said Richard Cordray, the CFPB’s manager, in a June 2016 declaration. “Consumers are being put up to fail with loan re re payments they are not able to repay.”