Tag Archives: payday loans

Rule Aims to Protect Mass. Residents From Payday Loan Abuses

Rule Aims to Protect Mass. Residents From Payday Loan Abuses

Consumer advocates are praising a new rule issued on Thursday by the Consumer Financial Protection Bureau that requires payday lenders to start verifying a borrower’s ability to repay the loan before rolling it over into a new loan. The rule aims to stop lenders from taking advantage of desperate people who want to borrow more

Top