Quick cash loans under scrutiny in Virginia

As industry expands in commonwealth, General Assembly to think about bills to tighten up oversight Three title and payday financing stores are clustered when you look at the 2500 block of Memorial Avenue, where on average 35 % of residents reside underneath the poverty line that is federal. Picture by Jill Nance Facebook Twitter WhatsApp

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The way the Brand Brand Brand New Customer Financial Protection Bureau Rule May Affect Cash Advance Borrowers in Michigan

With a brand new guideline which was 5 years within the making the buyer Financial Protection Bureau (CFPB) is coming down hard in the pay day loan industry. CFPB Director Richard Cordray usually relates to pay day loans as “payday debt traps. ” He thinks that payday advances, because they are presently managed, are dangerous

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