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GUEST EDITORIAL: Financial regulators are paving just how for predatory loan providers

Federal regulators appear to be doing their finest to permit predatory loan providers to swarm our state and proliferate.

Final thirty days, the customer Financial Protection Bureau rescinded an important lending reform that is payday. And on July 20, a bank regulator proposed a guideline that could enable predatory loan providers to use even yet in breach of circumstances interest price cap ??“ by paying out-of-state banking institutions to pose due to the fact lender that is???true for the loans the predatory loan provider areas, makes and manages. Read More