The federal Consumer Financial Protection Bureau, with broad power to regulate ‘nonbank’ financial entities , is also expected to increase regulations of payday lending stores. … Some of the more reputable short-term lending operations try to prevent this by maintaining a database of customers to help prevent rollovers, according to Stephen Altobelli, who represents Financial Services of America. “There are …. Facebook Twitter RSS news feeds Youtube Google+ …

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6 reasons to avoid payday loans