Topic - Joe Baca

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  • Rep. Joe Baca says his proposal is meant to establish a "vibrant, safe and commercially viable market for underbanked and unbanked individuals to gain access to financial services and products." (Associated Press)

    Bill would curb oversight of payday loans

    A group of bipartisan lawmakers are pushing a plan to exempt pawnshops, payday lenders, check-cashing stores and installment lenders from oversight by President Obama's new consumer finance watchdog agency, saying the oversight could restrict credit and economic opportunities for lower-income and inner-city customers.

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