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Payday financing encounters hard new limitations by consumer institution

Payday financing encounters hard new limitations by consumer institution a federal service the 2009 month required hard brand new restrictions about payday-lending discipline, which churns up vast amounts of cash yearly in high-interest funding to working-class and bad people — including lots of in Florida. The guidelines announced through organisation, the Consumer financing Safety agency, clamp upon, and could mostly stop, money which are now managed by says hence critics claim victimize the exposed by billing usurious expenses and interest rates.