The CFPB’s efforts to rein in high-cost payday advances also demonstrates the challenge of regulating companies that aggressively flout their basic duties.
The CFPB’s efforts to rein in high-cost payday advances also demonstrates the challenge of regulating companies that aggressively flout their basic duties. The payday industry’s track record shows an intent to not deal fairly along with their customers but which will make an income from their website no matter what. But that will not imply that we must toss our…