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The agency proposed a new regulation that would better protect consumers from the industry’s worst practices while Cordray was at the CFPB.

The agency proposed a new regulation that would better protect consumers from the industry’s worst practices while Cordray was at the CFPB. The guideline will have needed payday lenders to make sure that a consumer could really pay for a payday loan before issuing it. The guideline would also provide restricted how many times a…

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