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Senator urges CFPB to tackle payday lending following controversial Ohio Supreme Court decision
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Consumer Protection
Monday, June 23, 2014
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Spurred into action by a controversial Ohio Supreme Court decision that some feel undermines laws intended to protect Ohio consumers from predatory loans, Sen. Sherrod Brown, a Democrat from the Buckeye State, is urging the Consumer Financial Protection Bureau to provide more robust consumer protections to combat what he called “inadequate state laws” as regulators look to reform the payday lending market.
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