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CFPB poised to reinstate tough posture on payday lenders

CFPB poised to reinstate tough posture on payday lenders Several years of CFPB investigation backed the agency’s view that perform re-borrowings of 10 debts or even more by one conumer constituted injury, Uejio said a€?One-in-five pay day loans, and one-in-three automobile subject financial loans, concluded in default, actually such as periods of reborrowing,a€? Uejio blogged…