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Planned federal limits on payday and car name loans could be rolled straight right back

Planned federal limits on payday and car name loans could be rolled straight right back

Lured as a scheme that skirts Georgia’s legislation banning lending that is payday Gwinnett resident Renee McKoy finished up owing three times the actual quantity of her loan, a federal lawsuit states.

After other complaints about payday and vehicle title lending from around the nation, it had been appearing just like the curtains had been planning to drop from the industry this present year. (more…)