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Cash Advance Reform Won’t Kill Short-Term Credit — Simply Make It Safer

Cash Advance Reform Won’t Kill Short-Term Credit — Simply Make It Safer

Critics for the customer Financial Protection Bureau’s proposals to rein in payday advances argue that onerous demands could force numerous loan providers to turn off, making cash-strapped People in the us with few alternatives for short-term credit. You loans that are payday leave low-income borrowers in worse straits.

Through my make use of the nonprofit advocacy team Reinvestment Partners, I begin to see the problems dealing with lower-income customers firsthand. Continue reading “Cash Advance Reform Won’t Kill Short-Term Credit — Simply Make It Safer”