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Payday loan providers balk at proposed rules (Journal Record)

Payday loan providers balk at proposed rules (Journal Record) Proposed rules would influence lending that is payday, like Advance America at 1841 Belle Isle Blvd. In Oklahoma City. (Picture by Brent Fuchs) OKLAHOMA CITY – The Consumer Financial Protection Bureau’s proposed brand new guidelines about what the agency means as payday financial obligation traps could force individuals who require short-term loans to search out alternatives that are painful. Advance America Senior Vice President Jamie Fulmer stated the newest guidelines would reduce usage of credit for an incredible number of US…

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