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U.S. Capitol building U.S. Capitol building. (Source: Shutterstock)

In the face of the CFPB’s plan to loosen rules governing so-called payday loans, the House Financial Services Committee plans to explore legislation that would tighten the regulations, according to a memo produced by the Democratic staff of the committee.

The Financial Services Committee is holding a hearing on payday lending Tuesday afternoon.

David Baumann


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