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the banking institutions and credit Subcommittee regarding the House Financial solutions Committee will hold a hearing entitled “Short-term, tiny Dollar Lending: the CFPB’s Assault on use of Credit and Trampling of State and Tribal Sovereignty.”

In after taking out payday and other short-term, high-interest loans if you could not tell from the title alone, the hearing is not meant shed any light on the debt trap many borrowers find themselves.