Category Archives: South Carolina payday loan

Open Forum: expected cash advance reform is a permit for predatory financing

11 Jan , 2021,
Beth Weissman
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Open Forum: expected cash advance reform is a permit for predatory financing

Issue of just how to control the small-dollar financing industry is yet again producing impassioned debate. Experts need strict interest caps, asserting that alleged lenders that are payday advantageous asset of economically fragile customers through excessive prices. Industry advocates counter that high loan expenses mirror the possibility of expanding credit to those consumers.

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