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CFPB Settles With Payday Lender for $100,000

​On February 5, the Consumer Financial Protection Bureau (CFPB) announced a settlement with a regional retail payday lender, resolving allegations that the lender violated the Consumer Financial Protection Act (CFPA).  Specifically, the CFPB alleged that the lender failed to take adequate steps to prevent unauthorized charges; failed to promptly monitor, identify,…

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