Loan providers spent years fighting prepared brand brand new guidelines which they said would gut a short-term financing market that often renders borrowers trapped with debt.
The buyer Financial Protection Bureau on Tuesday formally rescinded an agenda to impose brand new restrictions on payday financing, handing the industry a victory that is major killing down tighter guidelines it invested years lobbying to overturn. Continuer la lecture de « Customer Bureau Scraps Restrictions on Payday Advances. That argument resonated with all the agency because it has brought a far more business-friendly approach under President Trump. »