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June 25, 2010 | federal legislation, industry | Comments (2)

This Associated Press story addresses payday lending:

Payday lenders and check cashers would be regulated, but enforcement would be left to states or the Federal Trade Commission.

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Comments»

1. PDL Industry - June 25, 2010

Does this mean that states can choose to enforce or ignore the Federal rules on payday lending?

2. Payday Pundit - June 25, 2010

that remains to be seen. Of course, it doesn’t mean we can ignore the rules.