After long delay, brand new agency occupies part overseeing pay day loans

After long delay, brand new agency occupies part overseeing pay day loans Throughout the 2008 presidential campaign, Barack Obama promised to “cap outlandish interest levels on payday advances also to enhance disclosure” associated with the short-term, high-interest loans. The administration has essentially achieved its goal after years of partisan wrangling. First, some history. “Payday loans are small-dollar, short-term, quick…

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