“And limit access they will. According to the CFPB, the proposed guidelines, by raising the lender’s cost, would shrink the dollar volume of the loans by more than half. What then happens to the money that would otherwise have been loaned to high-risk borrowers? The answer may well be that it winds up in the hands of low-risk borrowers.” — On Restrictions On Payday Loans
The Hispanic Pundit archives for September, 2016.