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Payday loan providers may actually have friend that is powerful Washington. Previous Republican Rep. Mick Mulvaney could be the interim head regarding the customer Financial Protection Bureau. He had been appointed by President Trump amid a continuing a charged energy fight for control of the bureau. Watchdog groups are up in hands because, under Mulvaney, the CFPB has put on hold a rule that could limit payday lenders and their loans that are high-interest-rate. The agency has also dropped a lawsuit against on the web lenders charging you 900 per cent interest levels. Experts state these moves are payback for…
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