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CHARLOTTETOWN, P.E.I., Canada–A merger proposal involving four credit unions in Prince Edward Island is gaining momentum, according to a new report. If successful, it would create the largest CU in Atlantic Canada.

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Sue Mitchell, left, with Cheryl Middletown Jones

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4 CUs in PEI

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WASHINGTON–TheConsumer Financial Protection Bureau has taken action against an online debt-settlement company it alleges has been taking advantage of consumers, failing to disclose its relationship to certain creditors, and steering consumers into high-cost loans offered by affiliated lenders.