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A predatory model that can’t be fixed: Why banking institutions should really be held from reentering the cash advance company

A predatory model that can’t be fixed: Why banking institutions should really be held from reentering the cash advance company

[Editor’s note: within the brand new Washington, D.C. of Donald Trump, numerous once-settled policies into the world of consumer security are now actually “back in the dining dining table” as predatory organizations push to make use of the president’s pro-corporate/anti-regulatory stances. a report that is new the middle for accountable Lending (“Been there; done that: Banks should remain away from payday lending”) describes why perhaps one of the most unpleasant of those efforts – a proposition to permit banking institutions to re-enter the inherently destructive company of making high-interest “payday” loans must be battled and refused no matter what.]

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