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Exactly just What customers must know concerning the guidelines proposed for payday advances

Exactly just What customers must know concerning the guidelines proposed for payday advances

Exactly just What customers must know concerning the guidelines proposed for payday advances

Sweeping brand brand new rules proposed Thursday by the customer Financial Protection Bureau (CFPB) could upend the cash advance industry, which customer advocates say usually traps cash-strapped employees into a vicious period of borrowing.

The number of times people can take out successive loans if enacted, the rules generally will require lenders to verify that borrowers can afford the loans and cap. Leer más Acerca deExactly just What customers must know concerning the guidelines proposed for payday advances