Supposedly, that's acceptable because the, as CFPB director Richard Cordray puts they, “There is certainly [sic] particular unattractive kinds of borrowing from the bank on the market that people have seen which might be a little predatory

Major transform may in the near future arrive at the fresh small-name financing providers. And you will we are really not talking about the good brand of change.

The newest guidelines advised by the Individual Monetary Safeguards Agency (CFPB) try bad news to possess customers, individuals who work with small-term lenders, and people who deliver the capital and also make these types...