Regulators prepare guidelines on pay day loans to shield borrowers

Regulators prepare guidelines on pay day loans to shield borrowers
WASHINGTON (AP) — Troubled by customer complaints and loopholes in state guidelines, federal regulators are piecing together the first-ever guidelines on payday advances targeted at assisting cash-strapped borrowers avoid dropping into a period of high-rate financial obligation. The customer Financial Protection Bureau states state guidelines regulating the $46 billion pay...

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