Battle over cash advance industry starts. Obama pushes payday financing guidelines in Alabama

Battle over cash advance industry starts. Obama pushes payday financing guidelines in Alabama

Federal regulators are proposing an important clampdown on payday lenders as well as other providers of high-interest loans, saying borrowers have to be protected from methods that find yourself changing into “debt traps” for a lot of. Yet some customer advocates s

File picture from 2010 programs cash advance companies, some available twenty-four hours a day, in Phoenix, Arizona. (Picture: Ross D. 继续阅读“Battle over cash advance industry starts. Obama pushes payday financing guidelines in Alabama”