In September, it took a call on pay day loans every nine mins its lines had been available. Regulatory clampdownThe cash advance industry it self is under constant fire from regulators and campaigners

In September, it took a call on pay day loans every nin […]

Small-Dollar Loan Proposed Rule FAQs. Director Richard Cordray says that the proposed guideline was created to end “payday debt traps,” where “borrowers looking for a cash that is short-term are saddled with loans they can’t pay for and sink into long-lasting financial obligation.”

Small-Dollar Loan Proposed Rule FAQs. Director Richard […]