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Installment Loans and how they are changing the Payday Loan Industry

It wasn’t long ago that the payday loan was the most lucrative kind of loan for small lenders, but the Consumer Financial Protection Bureau has put paid to that with some new rules to protect uneducated consumers from “predatory lending.” Whilst we don’t agree with the CFPB that these loans are necessarily predatory, they can be … Continue reading “Installment Loans and how they are changing the Payday Loan Industry”

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