Jamie Dimon, the executive that is chief of Chase, vowed on Tuesday to improve the way the bank relates to Internet-based payday lenders that automatically withdraw re re payments from borrowers’ checking reports. At an investor conference on Mr. Dimon called the training, that was the main topic of a write-up within the ny occasions […]
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The federal watchdog agency for client lending products just released a draft of nationwide rules for the financing industry that is payday. These guidelines are a definite welcome step that is first reining in payday loan providers, whoever business structure involves asking on average 300per cent yearly interest, primarily to low-income individuals who can minimum […]