This is another good set of rules coming out of the Consumer Financial Protection Board. You have to…

This is another good set of rules coming out of the Consumer Financial Protection Board. You have to save people from themselves. Often times, desperate consumers will go to a payday lender not really realizing what a mess they can get themselves into. These new laws allow for some prequalification to disqualify those who truly have no business borrowing money. How about taking it a step further? How about limiting the ability to charge abusive rates?

New rules aim to curb payday loan abuses
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