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Administration Proposes Changes to Consumer Protection Rule on Payday Lending JEFFERSON CITY, Mo. – A day after President Donald Trump's State of the Union address – where he called for expanding the middle class – his administration’s consumer agency said it wants to change key protections that keep people from sliding deeper into poverty. The Bureau of Consumer Financial Protection has proposed revisions to the payday lending rule – so that lenders no longer have to verify the borrower's ability to repay a loan without renewing it. ...(Read More)

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