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Moving Kept, Debbie Wasserman Schultz Drops Opposition to Cash Advance Regulations

Moving Kept, Debbie Wasserman Schultz Drops Opposition to Cash Advance Regulations

Under some pressure from activists, Democratic National Committee Chairwoman Debbie Wasserman Schultz is dropping her opposition to new federal recommendations that could rein in predatory lenders that are payday.

They might additionally avoid payday loan providers from over over repeatedly withdrawing funds from borrowers’ bank reports, leading to hefty overdraft costs.