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CFPB Proposes to Relax Cash Advance Regulation Customer advocates vocals concern about « debt traps. » Different ways to borrow funds. The customer Financial Protection Bureau today proposed rolling right straight right back the provision that is key of Obama-era financing guideline made to protect individuals using short-term, high-interest loans, also referred to as small-dollar or payday …
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Minnesota Supreme Court upholds constitutionality of Minnesota’s payday financing legislation Out-of-state payday lenders will need to follow Minnesota’s strict loan provider legislation for Web loans, their state Supreme Court ruled Wednesday. The governing sides with Attorney General Lori Swanson, whom filed suit against Integrity Advance, LLC in Delaware last year. The business made 1,269 payday …
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