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A Customer Bill Provides Exemption on Pay Day Loans

A Customer Bill Provides Exemption on Pay Day Loans

WASHINGTON — Senator Bob Corker, the Tennessee Republican that is playing a role that is crucial bipartisan negotiations over economic legislation, pushed to eliminate a supply from draft legislation that will have empowered federal authorities to split straight down on payday lenders, individuals active in the speaks stated. The industry is politically influential in the house state and a substantial contributor to their campaigns, documents reveal.

The Senate Banking Committee’s chairman, Christopher J. Ler mais