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Shaul claims CFPB study reveals 55 % regarding pay-day borrowers explore brand new funds double otherwise quicker from inside the a series

“The info and you may findings away from [Appleseed's] statement is actually dubious because of the publisher,” claims Dennis Shaul, President of the Society Monetary Characteristics Connection away from America, a trade group having brief-title, small-money loan providers. He also points to a great Kennesaw…