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Payday loan industry facing tighter regulations

THE PAY DAY LOAN INDUSTRY IS EXPECTING MAJOR LOSSES BECAUSE THE CONSUME4R FINANCIAL PROTECTION BUREAU IS PUTTING IN PLACE NEW REGULATIONS… WHICH INCLUDE MAKING IT HARDER FOR LENDERS TO REFINANCE BORROWER’S LOANS. VALLEY NEWS TEAM’S CORNELIUS HOCKER SPOKE TO AN ACCOUNTING PROFESSOR WHO SAYS THIS IS THE RIGHT MOVE TO PROTECT AN ALREADY VULNERABLE POPULATION […]

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