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Posts tagged as “Payday loans”

How Will Corinth Payday Lenders Be Impacted by New Rules?

By Josh Mitchell Corinth Today News Editor New payday loan rules will require lenders to determine upfront whether a borrower has the ability to repay the debt. The new rules from the federal Consumer Financial Protection Bureau cover products such as auto title loans, payday loans and loans with balloon…

Corinth Payday Loan Businesses May be Impacted by Federal Proposal

By Josh Mitchell Corinth Today News Editor Around Corinth there are many businesses that offer payday/title loans, and there is a big difference of opinion in terms of whether those kinds of lenders help people in need or just put them in “debt traps.” On Thursday, proposed federal regulations were announced…