Dimon Pledges to Change JPMorgan’s Methods on Pay Day Loans

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 […]

Let me make it clear about Federal crackdown on abusive payday improvements could backfire in ny

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 […]