U.S. consumer watchdog revisits scaling back Obama-era payday lending rules
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Trump administration will roll back Obama-era restrictions on payday lenders'We urge Director Kraninger to reconsider, as her current plan will keep families trapped in predatory, unaffordable debt,” one consumer advocate said.
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CFPB proposes weakening Obama-era payday lending rule, a win for industryThe Trump administration is ditching Obama-era requirements that sought to protect people who borrow from payday lenders. Under the existing rule, set to go into effect in August, payday lenders are required to verify borrowers can afford the loans they are being offered.
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Former Obama economic advisor: Here's why Howard Schultz is wrong on debtHoward Schultz, the former Starbucks CEO, threw his hat into the ring of 2020 presidential contenders with a call to confront the nation's debt problems. But former Obama administration official Jason Furman told CNBC the billionaire's got it wrong.
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Trump Justice Dept. reversing Obama-era positions on discrimination policiesRecent Trump administration moves on civil rights bring into sharper focus its efforts to reverse the Obama era and curtail decades-old laws designed to shield blacks, Latinos and other racial minorities from discrimination.
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