CFPB: payday advances resulting in ‘revolving home of debt’

CFPB: payday advances resulting in ‘revolving home of debt’ Short-term “payday” loans, and”deposit that is similar” loans made available from major banking institutions, are trapping numerous customers in a “revolving home of debt,” in accordance with a research due to be produced general public Wednesday because of the customer Financial Protection Bureau. Though it failed…
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