NEW YORK, Jan 4 (Reuters) - A U.S. regulator focused on consumer protection is planning the first federal regulations ever for lenders that make small loans to borrowers seeking cash before their next pay day, The Wall Street Journal reported on Sunday. The Consumer Financial Protection Bureau will convene a panel of small lenders early this year to discuss possible rules for payday loans designed to make them easier to repay, the report said.

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BING NEWS:
  • 5 more essential rules why you never loan money to friends and family
    Shakespeare said, "Neither a borrower nor a lender be." That quote especially applies to your friends and family. And here are five more essential rules why, starting with the IRS.
    05/25/2024 - 1:00 am | View Link
  • Emergency and payday loan alternatives
    With most payday loans, you’ll get the money upfront and write the lender a postdated check ... However, this may depend on the lender, as each company has different rules on what the funds can be ...
    03/7/2024 - 2:49 am | View Link
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