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Customer protection agency, for first-time, takes aim at payday loan providers

Customer protection agency, for first-time, takes aim at payday loan providers The buyer Financial Protection Bureau on Thursday revealed a plan that is new it stated would help rein into the $50 billion payday financing industry and stop low-income borrowers from facing spiraling degrees of financial obligation. The proposition, which still must face months of review, marks the very first effort...

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It’s ‘Debt Parking’ Whenever Fake Debts Wind Up in your Credit History

It’s ‘Debt Parking’ Whenever Fake Debts Wind Up in your Credit History The F.T.C. recently t k its first appropriate action to stop the fraud. Customers may well not understand the debts are on the reports until they apply for a loan. Dec. 11, 2020 Consider this unnerving situation You make an application for that loan simply to discover that your credit file is marred by way...

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