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Lax payday loan regulations could strike older Americans specially difficult

Alessandra Malito

A population that is vulnerable on a fixed earnings, seniors are increasingly switching to payday loans in an emergency

The customer Financial Protection Bureau is proposing to rescind conditions for the Obama-era legislation set to enter impact in August.

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The buyer Financial Protection Bureau stated its proposition to move straight straight right back legislation for payday lenders gives customers more use of credit — but so far as senior citizens are concerned, which will maybe maybe not be a positive thing. Continue reading “MarketWatch web Site Logo a web link that brings you returning to the homepage.”