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Taking out an individual most likely to wait required medical care, incur overdraft charges, lose their checking account, standard from the charge card, or look for bankruptcy relief. The payday industry preys on economically vulnerable people and worsens their financial problems.
The Dodd-Frank Wall Street Reform and consumer Protection Act of 2010 established the consumer Financial Protection Bureau to cease the kinds of financial abuses that lead to the 2008 crash. (mais…)