Category: line of credit payday loans

The CFPB’s Payday Lending Rule is really a Grand Slam for Banks and Credit Unions

The CFPB’s Payday Lending Rule is really a Grand Slam for Banks and Credit Unions

The CFPB’s Payday Lending Rule is a Grand Slam for Banks and Credit Unions

Beth Planakis

Director of Advertising, Velocity Options

It’s hard to believe it is been seven years considering that the creating associated with CFPB, however it’s an easy task to keep in mind just just exactly what fueled its creation – a crisis that is financial People in america hadn’t seen because the Great Depression. And that which was probably one of the most fuels that are flammable the fire? Mortgages. Particularly, mortgages that customers couldn’t manage, couldn’t comprehend, as well as for which, in years prior, could not have qualified. (more…)

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