Category Archives: All Payday Loans Online

Bill Isaac’s United States Banker Article re: Payday Lending. CFPB Payday Plan Will Harm Those It Seeks to assist

Bill Isaac had been president associated with FDIC from 1981 through 1985, a time that is tumultous the U.S. bank system. Their “take” from the CFPB’s proposed payday financing regs is interesting (see American Banker piece below). The cash that is high-cost company will perish beneath the CFPB’s proposed guidelines. This is certainly news that is good unlawful loan sharks…..but not brilliant for the people searching for crisis loans…….

CFPB Payday Arrange Will Harm Those It Seeks to simply help

Reading the customer Financial Protection Bureau’s proposed guidelines for managing payday loans, i really couldn’t help but remember the belated Yogi Berra’s line, “It’s like déjà vu yet again,” alongside the Hippocratic Oath (“First, do no harm”). Continue reading