Saturday, January 21, 2012
Major Republican/Teabagger support group endangered.
Richard Cordray, director of the newly empowered CFPB will be rolling out guidelines for regulating payday lenders. While these businesses do perform a service to people in low income areas, the temptation to turn into a legal loan shark is too tempting for many. The regulations may not be a cure all but anything that reduces the problems in this area must be applauded.
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