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Payday Lending Supporters Attack CFPB; Top Industry Lenders Face RICO Charges

For years deceptive and predatory lenders have bilked millions of trusting consumers from their hard-earned monies, while consumer advocates have fought back for fair and transparent lending. On February 11, another contentious round of exchanges on debt-trap lending occurred on Capitol Hill. Unlike previous forums, however, this one came with an open bias. A subcommittee of House Financial Services, held a ...

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