PHOENIX – customers searching for last-minute loans will quickly have brand new defenses.

The customer Financial Protection Bureau, a completely independent federal agency founded last year following the Great Recession, issued a ruling final thirty days to control alleged “predatory” financing techniques, a move some specialists state is likely to make a good effect on Arizona customers.

The principles would need short-term loan providers to determine upfront whether customers could manage to repay their loans. Continue reading Customer advocates: brand brand brand New defenses on high-interest, short-term loans just just simply simply take ‘first step’ →