Regulators prepare guidelines on pay day loans to shield borrowers. Complete information on the proposed guidelines, anticipated early this season

Regulators prepare guidelines on pay day loans to shield borrowers. Complete information on the proposed guidelines, anticipated early this season

Maranda Brooks appears outside a pay day loans business that she frequented within the past in Cleveland. Federal regulators are assembling expansive, first-ever guidelines on payday advances directed at assisting cash-strapped borrowers from dropping as a cycle of high-rate financial obligation. (Picture: Tony Dejak/AP)

WASHINGTON – — Troubled by customer complaints and loopholes in state laws and regulations, federal regulators are piecing together the first-ever guidelines on payday advances directed at assisting cash-strapped borrowers avoid dropping as a period of high-rate financial obligation. Continue reading “Regulators prepare guidelines on pay day loans to shield borrowers. Complete information on the proposed guidelines, anticipated early this season”

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