Customer protection bureau cracks down on payday loan providers with tough country

Customer protection bureau cracks down on payday loan providers with tough country

The nation’s consumer that is top watchdog on Thursday issued tough nationwide laws on payday along with other short-term loans, looking to avoid loan providers from using cash-strapped People in the us.

The long-awaited guidelines from the customer Financial Protection Bureau — the initial broad federal regulations — would require loan providers in many instances to evaluate whether a customer can repay the mortgage. Daha fazlasını oku