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Customer advocates: brand brand New defenses on high-interest, short-term loans just take ‘first step’

Customer advocates: brand brand New defenses on high-interest, short-term loans just take ‘first step’

Speedy Cash is a name loan lender with 12 places in metro Phoenix. (Picture by Jesse Stawnyczy/Cronkite Information)

PHOENIX – customers searching for last-minute loans will quickly have protections that are new.

The Consumer Financial Protection Bureau, an unbiased agency that is federal last year following the Great Recession, issued a ruling final thirty days to control so-called “predatory” financing techniques, a move some specialists say can make a good affect Arizona consumers. (mais…)

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