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Payday Lending Faces Tough Brand Brand New Restrictions by Customer Agency

Payday Lending Faces Tough Brand Brand New Restrictions by Customer Agency

A federal agency on Thursday imposed tough brand brand brand new limitations on alleged payday financing, working a possibly crushing blow to a business that churns down billions of dollars per year in high-interest loans to working-class and bad Us citizens.

The guidelines established by the agency, the customer Financial Protection Bureau, are going to sharply curtail the usage of payday advances, which experts say victim in the susceptible through their fees that are huge.