A Public Option To Pay Day Loans

Date: April 28, 2021 | Category: money mutual loans payday loans

A Public Option To Pay Day Loans

Publicly lending that is funded can offer low-interest, short-term loans in ways no personal loan provider can or will.

The Consumer Financial Protection Bureau announced plans to rescind a rule requiring payday loan lenders to accurately assess whether borrowers can repay them in early February. The Obama-era legislation had been supposed to curtail a number of the short-term loan industry’s notoriously predatory methods.

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