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Pay day loans: Just Exactly Exactly How It Works and Why They’re Usually an awful Idea. The CFPB calls the method of rolling over pay day loans a debt trap.

Pay day loans: Just Exactly Exactly How It Works and Why They’re Usually an awful Idea. The CFPB calls the method of rolling over pay day loans a debt trap. You only pay the fees you owe for the money you borrowed when you participate in a loan rollover or renewal. Then, the lending company…

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Federal Government must pull levers that are‘big to rein in payday lenders amid pandemic, report warns

Federal Government must pull levers that are‘big to rein in payday lenders amid pandemic, report warns In a nation where there are more pay day loan stores than Shoppers Drug Marts, stricter federal government regulations are expected to rein in high-interest loan providers amidst the COVID-19 pandemic, a brand new report warns. When confronted with…

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