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CFPB online pay day loans hit customers with concealed danger

CFPB online pay day loans hit customers with concealed danger

File picture drawn in 2010 programs neon indications illuminating a cash advance company in Phoenix. (Picture: Ross D. Franklin, AP)

Customers whom seek out online loan providers for payday advances face concealed dangers of high priced banking charges and account closures, based on an analysis that is federal Wednesday.

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