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U.S. agency enters $1.5 million judgment on payday lender but slashes return of funds

U.S. agency enters .5 million judgment on payday lender but slashes return of funds
The U.S. consumer finance watchdog ordered an Alabama-based payday lender on Thursday to return $500,000 to borrowers who were overcharged, a fine that people familiar with the matter said was only a third of what the prior Obama-era head of the agency had sought.



U.S. agency enters .5 million judgment on payday lender but slashes return of funds

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