What to Know About Online Paycheck Advances and Why They Face Scrutiny

The Consumer Financial Protection Bureau has proposed a rule that would treat the offerings as loans, requiring the providers to disclose their charges as interest rates. Consumer Financial Protection Bureau, Payday Loans, Wages and Salaries, Mobile Applications, Prices (Fares, Fees and Rates), Regulation and Deregulation of Industry, Personal Finances, Content Type: Service The Consumer Financial Protection Bureau has proposed a rule that would treat the offerings as loans, requiring the providers to disclose their charges as interest rates. NYT > Business

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