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Customer advocate: Predatory lending still ‘major problem’ in Arizona

Customer advocate: Predatory lending still ‘major problem’ in Arizona

PHOENIX – Consumers nationwide have actually submitted almost 10,000 complaints utilizing the Consumer Finance Protection Bureau about short-term customer loans they thought had been unjust, relating to a current analysis carried out by the Arizona PIRG Education Fund. The complaints had been submitted within the last two and a years that are half.

The analysis shows there’s nevertheless a problem that is“major with this specific kind of financing – both nationwide as well as in Arizona, in line with the Arizona Public Interest analysis Group.