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Ruling Opens Door To CFPB Enforcement Of State Usury Laws

By Evan Weinberger (September 2, 2016, 6:49 PM EDT) -- A California federal judge's decision Wednesday allowing the Consumer Financial Protection Bureau to enforce state-level usury laws against payday lender CashCall Inc. could further embolden the agency by giving it an avenue to punish firms for charging inordinately high interest rates, experts say....

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