The “American Bankers Association submitted a report to Treasury Secretary Steve Mnuchin last month calling for an end to the CFPB’s proposed payday-lending rules and seeking regulatory changes that would allow banks to issue their own payday loans.”
As usual, follow the money because banks charge insane amounts of “interest” on a bounced check. Yes, they may be called “fees” but in practicality it is the same thing. If you can take anything away from this article it is the fact that banks aren’t against payday loans–they want their ability to issue their own payday loans.
I am the head of the household and I know that pressure one can get from bills and discrepancies in your credit. I used my car I bought before I got married and it turned out to be such a lifesaver for me. I took out about half of what I was offered and wasn’t pressured any further. Thank you and hopefully my car will be eligible again if need be.
Getting a title loan was significantly easier than I anticipated. Bryan was really knowledgeable and walked me through the method with ease. If I’m ever in a tough position again, I’m confident that they may be able to help me out! Incredibly nice and very helpful!