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The Consumer Economic Sponsorship Chiffonier is proposing mod rules to cut short payday lending practices the activity says can paramount borrowers into long-term "debt traps. Rates on such products, it says, can be as spaced out as 390 percent or more. Borrowers who don't foregather those requirements would enjoy access to alternatives including a president payoff alternative on a modest, short-term or less-risky longer-term loans.
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