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Brand New Payday-Loan Rules Won’t Avoid Predatory Lenders. The proposed rules give attention to determining capability to pay the loans straight back.

Brand New Payday-Loan Rules Won’t Avoid Predatory Lenders. The proposed rules give attention to determining capability to pay the loans straight back.

The proposed rules consider determining capability to spend the loans straight back.

But really enforcing underwriting requirements is more challenging than enforcing certain item security guidelines.

Continue reading “Brand New Payday-Loan Rules Won’t Avoid Predatory Lenders. The proposed rules give attention to determining capability to pay the loans straight back.”