ProPublica logo Newly Defanged, Top Customer Protection Agency Drops Research of High-Cost Lender

ProPublica logo Newly Defanged, Top Customer Protection Agency Drops Research of High-Cost Lender

Lending and Collecting in the usa

Payday advances represent only 1 element of a high-cost financing industry that targets lower income customers, trapping numerous in deep financial obligation. Whenever regulators and lawmakers make an effort to crack straight down, lenders tweak their products or services to have across the legislation.

Within the latest indication that the buyer Financial Protection Bureau is pulling straight back from aggressive enforcement, it dropped a study brought about by a 2013 ProPublica tale about a loan provider that fees triple-digit interest levels.

Jan. 23, 2018, 6:12 p.m. EST

Allow the Game of Whack-A-Mole Begin: Feds Submit Brand Brand New Payday Rules

New rules submit because of the customer Financial Protection Bureau will have a significant effect on the high-cost loan industry. Read more