The CFPB Finds Payday and Deposit Advance Loans Can Trap Consumers in Debt

The CFPB Finds Payday and Deposit Advance Loans Can Trap Consumers in Debt Sustained Utilization Of Loans Raises Consumer Protection Concerns WASHINGTON, D.C. —Today, the buyer Financial Protection Bureau (CFPB) issued a study on payday and deposit advance loans discovering that for most customers these items result in a period of indebtedness. Free lending standards,…
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