Operators of Cash Cow are faced with illegally milking clients by billing huge rates of interest on loans.

Operators of Cash Cow are faced with illegally milking clients by billing huge rates of interest on loans. The quickly growing “payday” lending industry, which charges consumers interest levels of 500 % or maybe more for short-term loans, faced its very very first major crackdown in Florida on Thursday. Their state charged Jeffrey C. Swank,

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Customer Protection Bureau Aims To Roll Straight Back Rule For Payday Lending

Customer Protection Bureau Aims To Roll Straight Back Rule For Payday Lending The customer Financial Protection Bureau is focusing on one of several hallmarks of this federal government: a guideline that could protect probably the most susceptible borrowers from the ballooning financial obligation that will accrue with pay day loans. The guideline never actually took

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