payday loans toledo ohio

Federal regulators are proposing a clampdown on payday loan providers as well as other providers of high interest loans

Federal regulators are proposing a clampdown on payday loan providers as well as other providers of high interest loans

Federal regulators are proposing a clampdown that is significant payday loan providers as well as other providers of high interest loans, saying borrowers must be protected from methods that find yourself changing into “debt traps” for most. Yet some customer advocates s

File picture from 2010 programs loan that is payday, some available round the clock, in Phoenix, Arizona. (Picture: Ross D. Franklin, AP)

Battling over a proposed new guideline on payday loans began Thursday, with supporters saying it might protect needy borrowers and opponents warning it might cut use of credit and threatening a lawsuit.

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