Payday loan providers have finally developed a far more innovative and distressing barrier that is potential accountability. The agency happens to be drafting proposed laws and it is likely to announce them quickly. Rent-A-Bank A barrier that is second accountability payday loan providers have actually attempted to construct may be the “rent-a-bank” scheme – where…

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Gillibrand Announces Significant Brand New Legislation To Produce A Postal Bank To Get Rid Of Predatory Payday Lending Industry Techniques Washington, DC – U.S. Senator Kirsten Gillibrand today announced major legislation that is new produce a Postal Bank, which may begin a retail bank in every for the U.S. Postal Service’s 30,000 places. The Postal…

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