As CFPB closes home on payday, OCC starts one for deposit advance

As CFPB closes home on payday, OCC starts one for deposit advance WASHINGTON — The world of short-term financing had been shaken up Thursday as one regulator granted a rule breaking straight straight down on payday advances while another managed to make it easier for banks to provide a product that is alternative. The buyer […]

NextBillion – an effort of this William Davidson Institute in the University of Michigan

NextBillion – an effort of this William Davidson Institute in the University of Michigan Articles. FridayNovember 30 2018 Do Payday Advances Deserve Their Bad Reputation? Ask the individuals who Know most readily useful – the Borrowers Payday advances have actually gained a reputation that is bad money-draining traps that leave low-income borrowers stuck in a […]