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Yesterday, the customer Financial Protection Bureau (CFPB) eliminated customer defenses against predatory payday and automobile name loan providers, making Georgia families confronted with the harms of vehicle name financing. While GeorgiaвЂ™s usury limit provides defenses through the cash advance debt trap, abusive automobile title lending nevertheless plagues Georgia. Presently, hawaii will not view this kind of predatory lending being a small-dollar loan, but alternatively permits vehicle games to be вЂњpawnedвЂќ with interest rates up to 300 per cent. (more…)