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But the regulations face fierce opposition from the payday lending industry, a lobbying force that is part of the real Washington swamp.
Lenders have been known to evade what little regulations exist and take advantage of desperate and unsophisticated borrowers.
More prosecutions and regulation are needed to stop payday lending abuses.
Cash assistance for single mothers is something that can be very important for all of the single mothers that are struggling to make ends meet on their own.
He also said the company had ‘thousands of satisfied customers’.
In 2010, he revealed that the Ministry of Justice had ordered at least one of the firm’s subsidiaries to record all its phone conversations with customers or prospective customers to monitor the behaviour of staff.