The CFPB Finds Payday and Deposit Advance Loans Can Trap Consumers with debt

The CFPB Finds Payday and Deposit Advance Loans Can Trap Consumers with debt Sustained Utilization Of Loans Raises Consumer Protection Concerns WASHINGTON, D.C. —Today, the customer Financial Protection Bureau (CFPB) issued a study on deposit and payday advance loans discovering that for all customers these items cause a period of indebtedness. Free financing standards, high…
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October 6, 2020 0