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IMPORTANT: Bing News RSS feed has moved!WASHINGTON -- A new federal agency can't protect consumers properly from financial industry abuses such as sky-high payday loans or overly risky mortgages unless Senate Republicans agree to confirm its director, two White House officials said Monday. Read moreCollins, Snowe stall on consumer chief pickAlong with proposed constitutional amendments cutting the length of the legislative session and requiring candidates for governor and lieutenant governor to run on a single ticket, proposals included bills focused on payday loans and tax breaks to help ... Read moreMo. lawmakers start filing bills for 2012 sessionWASHINGTON (Reuters ... The White House cited a study that said payday lenders, which offer short-term loans to help people cover monthly bills, charge interest rates that can average 400 percent on an annualized basis. Read moreObama plans media blitz for financial watchdogRaj Date, who replaced Elizabeth Warren as the president's special advisor to the U.S. Treasury on bureau matters, has been headlining public initiatives and industry outreach on the bureau's initial priorities: mortgages and student loans. The bureau ... Read moreBuilding Up the BureauRead moreFor more regional news on Payday Loans Online please see the following
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