Payday lenders to come under review – Unscrupulous payday lenders are coming under the scrutiny of a federal review. The Abbott government has appointed a three-member panel to investigate small-amount lenders who have been accused of charging interest of almost 300.
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Consumers can file a payday loan complaint with a newly-established page on the Consumer Financial Protection Bureau's website. Starting last month, the CFPB began accepting payday loan complaints.
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