The cash advance industry has flourished practically unchecked in Kentucky for much too long, luring customers — usually impoverished or hopeless — with quick money at a really high price.

The cash advance industry has flourished practically unchecked in Kentucky for much too long, luring customers — usually impoverished or hopeless — with quick money at a really high price. An ACE money Express outlet in Louisivllle (picture: Jessica Ebelhar/The Courier-Journal ) purchase picture Given that’s changing due to increased scrutiny from state and federal […]

CFPB Finalizes Rule to avoid Payday Debt Traps. The CFPB rule is designed to stop debt traps by investing in spot strong ability-to-repay defenses.

CFPB Finalizes Rule to avoid Payday Debt Traps. The CFPB rule is designed to stop debt traps by investing in spot strong ability-to-repay defenses. The customer Financial Protection Bureau on Thursday finalized a rule targeted at stopping payday financial obligation traps by needing loan providers to ascertain at the start whether individuals are able to […]

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