Brand New Rules Make An Effort To Rein In Predatory Payday Lending, But Will They Work?

Brand New Rules Make An Effort To Rein In Predatory Payday Lending, But Will They Work?

After almost four several years of learning the issue of high-cost, short-term lending options like payday advances, and auto-title loans, the buyer Financial Protection Bureau has finally released its proposed rules meant to avoid borrowers from dropping to the expensive revolving financial obligation trap that will keep individuals worse off than when they hadn’t lent cash to start with. Continue reading “Brand New Rules Make An Effort To Rein In Predatory Payday Lending, But Will They Work?”