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Consumers protected by the Payday Loan rule

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Question: 
Who are the consumers the Payday Loan rule is designed to protect?
Answer: 

Consumers “who are living paycheck to paycheck, have little to no access to other credit products, and seek funds to meet recurring or one-time expenses.” (Summary of the rule in the Federal Register).
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Learn more about John’s webinar The Payday Lending Rule – What you should be doing NOW!

First published on 06/23/2019

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