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Lax payday loan laws could hit older Americans specially difficult

Alessandra Malito

A population that is vulnerable on a fixed income, seniors are increasingly turning to payday advances in a crisis

The buyer Financial Protection Bureau is proposing to rescind conditions for an Obama-era legislation set to get into impact in August.

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The buyer Financial Protection Bureau stated its proposition to move right back legislation for payday lenders will provide customers more use of credit — but so far as senior citizens are concerned, which will maybe maybe not be considered a a valuable thing. Continue reading “MarketWatch Site Logo a web link that brings you returning to the website.”