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Expert Analysis

Small Dollar Loans 'Payday' For Banks?

Law360, New York (May 1, 2015, 10:27 AM EDT) -- It's not every day that a preliminary regulatory proposal attracts the president's attention.[1] On March 26, President Obama called attention to a proposal by the Consumer Financial Protection Bureau to overhaul the small dollar lending industry in a speech in Alabama, the state with the nation's fourth highest number of payday lenders per capita (behind New Mexico, South Dakota and Mississippi)....

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