Insightful News

We are an addiction for those who love reading.

Insightful News

Banks Want a Piece of the Payday-Loan Pie

WASHINGTON—Some banks want to take on payday lenders.

Financial firms, spurred by the Trump administration’s promises to deregulate, hope to return to offering short-term, high-interest loans after being pushed out of the sector by Obama-era rules. Two leading trade groups, the American Bankers Association and Consumer Bankers Association, recently proposed to Treasury Secretary Steven Mnuchin several steps they say would encourage…

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *