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CFPB's Proposed Payday Lending Rule Draws Praise, Ire

By Dani Kass (June 2, 2016, 6:20 PM EDT) -- The Consumer Financial Protection Bureau's newest proposed rule seeking to reform the payday lending system was praised Thursday as a much-needed, albeit insufficient, step toward reining in an industry it says takes advantage of consumers, while the industry contended that it will be crippled by the extra regulation....

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