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Sep 13, 2017 Could a small change in a federal tax credit significantly reduce people's need for predatory payday loans? That's the hope of a new tax bill introduced Wednesday by Sen. Sherrod Brown and Rep. Ro Khanna. Their topline idea is to massively expand the Earned Income Tax Credit (EITC), which gives low- 

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Apr 30, 2017 Of those, nearly 70 percent take out a second payday loan within a month, according to the Consumer Financial Protection Bureau, a federal agency created after the 2008 financial crisis to protect consumers. And one in five new borrowers ends up taking out at least 10 or more loans, paying more fees and