Brand New U.S. guideline on pay day loans to harm industry, boost banking institutions: agency

Brand New U.S. guideline on pay day loans to harm industry, boost banking institutions: agency WASHINGTON (Reuters) – profits for the $6 billion cash advance industry will shrivel under an innovative new U.S. guideline limiting loan providers’ ability to benefit from high-interest, short-term loans, and far associated with business could relocate to little banking institutions, … Continued