U.S. Credit Card Rules could Boost Payday Lending

Posted by Sara M. Varese

With the new implementation of the credit card regulations, known as the CARD act, consumers may have to seek alternative lending such as payday loans.  When we put restrictions on banks, they can’t charge as much, the inability to profit off of high interest rates makes them take less riskier loans which means that customers who don’t have perfect credit may have to turn to alternative types of loans such as payday loans… read more about it here.

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