Some lenders has turned to installment loans to prevent customers defense laws and regulations
Some lenders has turned to installment loans to prevent customers defense laws and regulations In 2013, federal banking regulators issued guidance highly discouraging banking companies from issuing lump-sum a€?deposit advance financial loans,a€? which imitate the structure of old-fashioned payday loans. 12 The CFPB’s suggested rule for payday and close financing emphasizes the necessity for affordable […]