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Know more, stay informed! Overseeing credit card debt inflation surpassing the remarkable $1 trillion mark in 2022 was the trigger for the AMERICAN CONSUMER FINANCIAL PROTECTION BUREAU (CFPB) to crack down on deceptive bank marketing tactics and increase access to refinancing to potentially help high-interest consumers. Reckless credit card users beware – with early warning cases, loopholes or sheer overexposure in debt, the pure-volume consequences are soon to be felt!
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