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Robo-comments inundate payday loan regulator

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Robo-comments inundate payday loan regulator

A federal rule to rein in payday loan abuses drew about 1 million public comments before the Oct. 7 filing deadline, a record-breaking deluge that will prolong the rule’s review.

The figure includes thousands of pro-payday comments that contain repeated sentences and phrases, calling their authenticity into question.

 

http://www.creditcards.com/credit-card-news/robo-comments-payday-loan-cfpb-regulation.php

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