OVERNIGHT LEGISLATION: Feds outline cash advance guidelines

OVERNIGHT LEGISLATION: Feds outline cash advance guidelines

Thank you for visiting OVERNIGHT LEGISLATION, your day-to-day rundown of news from Capitol Hill and past. It really is Thursday night here in Washington therefore we’re busy lawmakers that are catching each of them leave city for a fortnight.

But it quits for the day, here’s the latest before we call:

THE MAJOR TALE

The buyer Financial Protection Bureau released a framework for the pay day loan guidelines into consideration.

Director Richard Cordray stated CFPB is considering enabling the lenders that are payday choose from two sets of guidelines – financial obligation trap prevention and financial obligation trap security. (más…)