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GUEST EDITORIAL: economic regulators are paving the way in which for predatory loan providers

GUEST EDITORIAL: economic regulators are paving the way in which for predatory loan providers Federal regulators appear to be doing their utmost to permit lenders that are predatory swarm our state and proliferate. Final thirty days, the customer Financial Protection Bureau rescinded an important payday lending reform. As well as on July 20, a bank regulator proposed a guideline that will enable predatory loan providers to work even yet in breach of a situation interest price cap – by paying…