Payday Loan Rules Proposed by Customer Protection Agency

Payday Loan Rules Proposed by Customer Protection Agency

BIRMINGHAM, Ala. The agency created at President Obama’s urging in the aftermath of the financial crisis, took its most aggressive step yet on behalf of consumers on Thursday, proposing regulations to rein in short-term payday loans that often have interest rates of 400 percent or more— the Consumer Financial Protection Bureau.

The guidelines would cover a broad area of the $46 billion pay day loan market that acts the working bad, a lot of whom haven’t any cost savings and small usage of old-fashioned loans. Okumaya devam et “Payday Loan Rules Proposed by Customer Protection Agency”