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Senator Merkley Urges CFPB to Issue Tough Payday Rules, Protect Consumers from Predatory Loans

WASHINGTON –-(ENEWSPF)–March 19, 2015.  Today, Oregon’s Senator Jeff Merkley – the top Democrat on the Senate Banking Subcommittee on Financial Institutions and Consumer Protection – strongly urged the Consumer Financial Protection Bureau (CFPB) to crack down on destructive predatory lending by issuing new, tough rules that would protect consumers from damaging and predatory practices in the payday lending industry.

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