Federal regulators are proposing a substantial clampdown on payday loan providers along with other providers of high-interest loans, saying borrowers have to be protected from techniques that crank up changing into "debt traps" for a lot of. Yet some customer advocates s
File picture from 2010 programs pay day loan businesses, some available round the clock, in Phoenix, Arizona.
Battling over a proposed rule that is new payday advances began Thursday, with supporters saying it could protect needy borrowers and opponents warning it might cut use of credit and threatening a lawsuit. Continue reading Let me make it clear about Battle over cash advance industry starts