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"When borrowers could not pay back their loans, ACE would subject them to illegal debt collection threats and harassment," the CFPB's Cordray said.
CCR - Regulation

Cloud Over Payday Industry Grows as CFPB Fines Texas Lender

WASHINGTON The Consumer Financial Protection Bureau has yet to issue broad rules for payday lenders, but the bureau's $10 million settlement with ACE Cash Express Thursday sends another strong message about the practices it may target.

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