Federal rules on payday lenders would include teeth to brand brand new regional guidelines

Federal rules on payday lenders would include teeth to brand brand new regional guidelines

The long-awaited proposition could basically replace the small-dollar loan industry.

Texas Appleseed discovered that even though the general profits associated with loan that is short-term have declined somewhat in the last few years, the structure of the profits changed markedly.

A regulator that is federal brand brand brand new rules today which could basically transform the $38.5 billion small-dollar loan industry, that has recently been set right straight back on its heels by restrictive ordinances in a large number of Texas metropolitan areas and towns. (more…)

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