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Regulatory reform to limit payday loan’s APR

Payday loan regulatory reform has brought payday loan careful public attention. The creation of an agency to regulate financial service providers terrifies cash till payday industry. To understand what is going on let's have a look!

What does the regulatory reform aim at?

Posted on Mon, 2010-09-06 13:59

The Consumer Financial Protection Bureau To Oversee Payday Lending

After the gravest mortgage collapse has overshadowed all similar ones over past decades, the concern about future of financial sector is arising. It is thought that a new agency will be sufficiently effective to regulate the financial sphere to prevent the recent crisis from recurring. The agency in question is called CFPB or the Consumer Financial Protection Bureau.Posted on Fri, 2010-07-30 05:32

Federal Reforms Affecting Payday Loan Industry

With Senate having voted against an amendment to payday loan industry, the idea of which was based on federal committee regulation, payday loan lenders enjoy prominent victory. The state lawmakers regulate the industry on its current level.Posted on Wed, 2010-06-23 04:58

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