Monthly Archives: August 2020

Federal regulators give green light to small installment loans

In July, the Federal Bureau for Financial Consumer Protection (CFPB) canceled its 2017 well-balanced guarantees for payday loans and the like with terms of up to 45 days. This change will be a setback for the millions of borrowers who will not have these protections, but banks can help mitigate the damage. Payday borrowers have […]

Federal regulators give green light to small installment loans from banks

In July, the Federal Bureau for Financial Consumer Protection (CFPB) canceled its 2017 well-balanced guarantees for payday loans and the like with terms of up to 45 days. This change will be a setback for the millions of borrowers who will not have these protections, but banks can help mitigate the damage. Payday borrowers have […]