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Payday advances, automobile name loans face tough brand new crackdown

Payday advances, automobile name loans face tough brand new crackdown Pay day loans will likely be seriously limited under brand new guidelines being proposed by federal regulators today. Mainly, the principles will need lenders to ensure customers are able to repay the loans and certainly will need loan providers to report loans up to a entity that is credit-bureau-like monitor what number of loans are outstanding and simply how much is owed. The guidelines proposed by the customer Financial...

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