On June 2 the Consumer Financial Protection Bureau (CFPB) released a much-anticipated rule aimed at curtailing the predatory nature of some small dollar loans, often called “payday” loans. These loans, which are often the subject ofshocking news stories like this one, can trap borrowers in endless debt cycles due to the nature of the loans
http://www.brookings.edu/blogs/up-front/posts/2016/06/02-cfpb-long-awaited-rule-payday-loans-step-in-the-right-direction-klein
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