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Deepening the Quicksand of Payday Loans

By Bob Gatty. Demonstrating the true colors of the Trump administration, the Consumer Financial Protection Bureau (CFPB) has proposed rescinding rules for payday loans, car-title loans and small-dollar forms of credit, thus deepening the quicksand of such borrowing for desperate consumers. The agency’s action would kill a rule issued by the CFPB during the Obama administration to…