Cash for Nothing : Confessions of a Payday Lender: “I Felt Like a Modern-Day Gangster”

Cash for Nothing : Confessions of a Payday Lender: “I Felt Like a Modern-Day Gangster”

Federal regulators previously this month revealed new guidelines aimed at reining in payday loan providers additionally the exorbitant charges they charge. Now be prepared to hear plenty of just just what one lender that is payday Phil Locke calls “the lies we might inform if we had been under assault.”

The brand new guidelines established by the buyer Financial Protection Bureau are fairly simple, if you don’t additionally a frustration for some customer advocates. Continue reading “Cash for Nothing : Confessions of a Payday Lender: “I Felt Like a Modern-Day Gangster””