Regulators squeeze the industry
IN-MAY 2013 Gloria James borrowed $200 from Loan Till Payday, a loan provider near her home in Wilmington, Delaware. As opposed to sign up for a single- or two-month loan for a $100 cost, she was offered a one-year loan that would set her back $1,620 in interest, equivalent to an annual rate of 838% as she had done several times before,. Continue reading “Consumer loans Payday financing is decreasing”