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Customers require more powerful, perhaps maybe perhaps not weaker, defenses from pay day loan industry

Customers require more powerful, perhaps maybe perhaps not weaker, defenses from pay day loan industry

When struck with bills they can’t spend, many Us Us Us Us Americans — including significantly more than a million in Florida — fall right right right right back on pay day loans: small-dollar, high-cost payday loans they agree to repay from their next paycheck. However, many of the borrowers end up stuck for a treadmill machine of duplicated loans and fees that are mounting departs them further behind economically.