The payday loan rule could change in 2019

Consumers who are caught in a financial crisis may one day avoid the payday loan store and turn to banks and credit unions for cheap, quick-repair loans. This is a possibility raised by consumer advocates who want to end the horrific triple-digit rates that are being charged to vulnerable consumers …

Read More »

CFPB Ends Many Payday Loans – Where Will Consumers Go Next?

The Consumer Financial Protection Bureau on Thursday released a final version of its payday loan rules. “The new CFPB rule puts an end to the payday debt traps plaguing communities across the country,” said CFPB director Richard Cordray. “Too often, borrowers who need cash quickly find themselves trapped in loans …

Read More »

New rule asks if borrowers can afford payday loans

Lenders who offer payday loans and other small advances to cash-strapped consumers must first consider whether borrowers can afford to pay off debt under a long-awaited federal rule finalized on Thursday. The rule, adopted by the Consumer Financial Protection Bureau, would also reduce repeated attempts by lenders to debit payments …

Read More »

Payday loans are dying. But payday loans are on the rise

Payday loans – the “lifelines” that drown you in debt – are on the decline. Fines and regulatory control over high rates and deceptive practices have shut down payday loan stores across the country in recent years, a trend limited by a proposal last summer from the Consumer Financial Protection …

Read More »

Title Loans Vs Payday Loans: What’s The Difference?

Securities and Payday Loans: An Overview Asking if title loans or payday loans are better is like asking which disease is best to get in winter. Both loan products feature usurious interest rates, adverse terms, and potentially aggressive collection tactics. A significant difference between a title loan and a payday …

Read More »

Online Loans – Apply With CashLady For Online Decision

What is an online loan? An online loan is a personal loan requested and concluded online. This means you can do it all from the comfort of your own home just using your cell phone, tablet or computer. How Much Money Can I Borrow Online? When you apply for a …

Read More »