Subprime Lender, Busy at State Amount, Avoids Federal Scrutiny The payday lending industry is bracing for a crackdown that is regulatory. Certainly one of its competitors is certainly not. The federal Consumer Financial Protection Bureau revealed proposed rules in June that take aim at short-term pay day loans recharging triple-digit percentage that is annual. The guidelines additionally would protect numerous alleged installment loans that have much much longer payment durations yet still charge an yearly price greater than 36 per…
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