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Let me make it clear about New pay day loan rules: what you ought to understand

Let me make it clear about New pay day loan rules: what you ought to understand

The customer Financial Protection Bureau issued brand new rules on payday advances this week.

Consumer advocates state the principles may help people that are low-income families caught in endless rounds of financial obligation.

The industry contends that pay day loans offer a choice for folks dealing with unanticipated costs or monetary emergencies.