Customer advocates: New defenses on high-interest, short-term loans take ‘first step’

Customer advocates: New defenses on high-interest, short-term loans take ‘first step’

Fast money is a title loan lender with 12 places in metro Phoenix. (Picture by Jesse Stawnyczy/Cronkite Information)

PHOENIX – customers searching for last-minute loans will soon have protections that are new.

The buyer Financial Protection Bureau, an unbiased agency that is federal last year following the Great Recession, issued a ruling final thirty days to control so-called “predatory” financing techniques, a move some experts state is going to make a positive effect on Arizona customers. Read more