Archive for the ‘Leading Club’ Category

The Myth vs. the reality About Managing Payday Lenders

Friday, February 7th, 2020

The Myth vs. the reality About Managing Payday Lenders

Whenever state regulations drive alleged “debt traps” to turn off, the industry moves its online businesses. Do their customers that are low-income?

This year, Montana voters overwhelmingly authorized a 36 % rate limit on pay day loans. The industry — the people whom operate the storefronts where borrowers are charged interest that is high on tiny loans — predicted a doomsday of shuttered stores and lost jobs. (more…)