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CFPB plans to take action on payday, deposit advance lending
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Banking, Consumer Protection
Wednesday, April 24, 2013
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While they may work for some borrowers, payday and deposit advance loans all too often lead consumers into a cycle of debt, a new whitepaper from the Consumer Financial Protection Bureau finds. The bureau also signaled it is weighing policy steps intended to address risks these products pose to consumers. Read on for the details.
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