It can feel like a cosmic event when the government actually does something right. So I was excited to hear that the Consumer Financial Protection Bureau was rolling out a new rule to protect consumers from payday loans. Then, when I heard that those rules were being taken away before they even got out the door, I was furious.
This represents everything people hate about Washington. The CFPB used to look out for the little guy, but now they are putting the profits of a sleazy industry with deep pockets above the needs of working people. Payday lenders deceive customers and trap them in debt cy...
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