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Elaine Thompson/The Associated Press
brand New customer Financial Protection Bureau has authority to manage payday industry
A U.S. set of storefront payday loan providers is distancing it self from some online lenders that are payday saying they wish to avoid state legislation by partnering with Native America tribes.
вЂњWe abhor their methods,вЂќ Steven Schlein, a spokesman when it comes to Consumer Financial Services Association of America (CFSA), a bunch that represents bricks-and-mortar payday financing shops, told iWatch Information.