Let me make it clear about CFPB obtains $10 million of relief for payday lender’s collection phone calls

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Let me make it clear about CFPB obtains $10 million of relief for payday lender’s collection phone calls Yesterday, the CFPB and ACE money Express issued pr announcements announcing that ACE has entered as a permission purchase using the CFPB. The consent order details ACE’s collection techniques and needs ACE to cover $5 million in…

Banking while poor: just just how banking institutions make money from predatory payday lending

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Banking while poor: just just how banking institutions make money from predatory payday lending JP Morgan leader Jamie Dimon told investors this that the practice of payday lending was ‘terrible’, and promised to reform Chase’s involvement week. Photograph: Jessica Rinaldi/Reuters I’ve buddy that is quite rich. Like plenty of rich individuals, he is cautious together…