Categories
Utah Payday Loan

Customer Bureau Scraps Restrictions on Payday Advances

Customer Bureau Scraps Restrictions on Payday Advances

Loan providers spent years fighting planned new guidelines which they said would gut a short-term financing market that often departs borrowers caught with debt.

  • 7, 2020 july
  • The buyer Financial Protection Bureau on Tuesday formally rescinded a strategy to impose new limitations on payday financing, handing the industry a major success by killing down tighter rules so it invested years lobbying to overturn.