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Nationwide Payday Lending Rule Could Protect Wisconsinites from Predatory Loans

EAU CLAIRE – Today, the federal customer Financial Protection Bureau (CFPB) revealed a proposition for a fresh nationwide rule on payday and automobile title lending that has got the possible to guard Wisconsinites from predatory high-interest loans. At a press seminar in Eau Claire, customer advocates joined up with faith and community leaders to emphasize the harms of payday financing in Wisconsin. WISPIRG, the interfaith company JONAH, and Citizen Action additionally underlined the significance of a good federal rule to rein in abusive financing methods, and urged the CFPB to avoid loopholes from weakening the guideline. (далее…)