Can something be done about the daily interest payday and other subprime lenders charge? Having briefly worked at subprime lender, have seen first hand how detrimental it is to low income family. Miss 1 payment, and takes months to catch up. Terrible.
#Consumers deserve commonsense protections from falling into payday debt traps. Shortsighted House bill introduced today to repeal the @CFPB’s payday lending rule places predatory lenders above working-class families.
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