Thursday, March 11, 2010

Compromise would shield payday lenders, pawnbrokers and car dealers from oversight

By Binyamin Appelbaum
Washington Post Staff Writer
Thursday, March 11, 2010

Payday lenders, pawnbrokers, car dealers and other companies that make loans but do not hold bank charters would be shielded from the scrutiny of a proposed federal consumer protection regulator under the terms of a tentative compromise between senators who are attempting to craft a bipartisan bill.

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