We, the undersigned community, civil legal rights, faith, and customer teams, urge you to not start the floodgates to predatory little buck loan techniques by banks and payday lenders. Current protections—including state usury regulations and current FDIC help with tiny buck loan items—are critical tools to make certain safe, accountable financing methods aren’t pressed from the market by high-cost, unaffordable debt trap services and products. Continue Reading
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