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Two coalitions, one a broad-based consumer affairs group of other organizations and the other a group of cities, has written federal regulators once again calling on them to do something to reign in the participation of federally insured banks in payday lending.

In letters to chairmen of the Federal Reserve and the FDIC, as well as to Thomas Curry, Comptroller of the Currency, and Consumer Financial Protection Bureau Director Richard Cordray, the two coalitions expressed gratitude for pledges of action regulators have already made but said that those pledged actions now need to be made.

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