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Nonprofit team targeting payday loan providers. New guidelines proposed by the CFPB could restrict “churn,” or the wide range of times that loan can be rolled over, regulate debt-collection practices and restriction automatic banking account withdrawals within the 35 states by which payday financing is appropriate.

Nonprofit team targeting payday loan providers. New guidelines proposed by the CFPB could restrict “churn,” or the wide range of times that loan can be rolled over, regulate debt-collection practices and restriction automatic banking account withdrawals...