Similar Stories to Payday Lenders Warn That Proposed New Rules Could Hurt Consumers on Bing News

Payday lenders complained loudly that tough new federal regulations proposed for their industry would force many operators to shut down and leave cash-strapped consumers with fewer options for getting short-term loans.

Topics:  proposed   consumers   payday lenders   
BING NEWS:
  • Rhode Islanders are taking out risky loans from online 'rent-a-banks.' How it works.
    Advocates push for legislation that would crack down on traditional payday lenders, who in Rhode Island are allowed to charge triple-digit interest rates and fees that cause debt to spiral.
    04/25/2024 - 11:17 pm | View Link
  • Payday Lenders Background
    Now showing summary data for the 2024 election cycle. Now showing data for the election cycle. Payday lenders are financial firms offering small, short-term loans designed to be paid back when the ...
    12/18/2023 - 12:03 pm | View Link
  • Payday Lenders Summary
    Now showing summary data for the 2024 election cycle. Now showing data for the election cycle. Payday lenders are financial firms offering small, short-term loans designed to be paid back when the ...
    12/13/2023 - 6:52 am | View Link
  • Payday lenders aim to evade federal probes as borrowers plead for help
    With no clear federal rules targeting payday lenders, millions of poor Americans remain at the mercy of their states, meaning consumer protections — and borrowing costs — vary dramatically by ...
    10/28/2023 - 7:08 am | View Link
  • Top 5 markets for payday lenders
    Many lenders have come under fire for charging sky-high interest rates, using aggressive debt collection tactics and driving thousands of consumers into unmanageable debt. As Wonga teeters on the ...
    08/15/2020 - 10:44 pm | View Link
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