Sentences with phrase «payday loan business»

Typical payday loan businesses will offer you a percentage of your paycheck upfront, but if you shop around, they often offer specials to first - time borrowers.

This eventually led to the termination of several payday loan businesses and agencies.

But it has gone even further to help payday loan businesses — dismissing cases and investigations that were already underway, for no stated reason.

Earlier this year, Consumer Financial Protection Bureau director Richard Cordray promised that the agency will take a closer look at payday loan business practices.

For recasting the $ 49 billion payday loan business as an opportunity to turn high - risk clients into near - prime borrowers.

Characterized as «the unlawful use of criminal charges by payday loan businesses to collect debts,» the practice has been denounced by the trade association for short - term lenders, as well as by state legislatures.

Despite the well - documented consumer hazards, the U.S. payday loan business is thriving.

The idea behind payday loan businesses is to provide short - term stop - gap loans to working customers when an unexpected expense arises between paychecks.

The policy that councillors will vote on won't immediately decrease the city's number of payday loan businesses to 15 to match its number of wards because it will grandfather in existing companies, but will prevent new ones from opening, said Tom Cooper, the director of the Hamilton Roundtable for Poverty Reduction.

A good example is payday loan businesses.

I mean you mentioned Van City in Vancouver and I go okay so do we really want big banks, which is really what they are, getting into the payday loan business and offering high interest loans?

Most of the stores he had targeted were engaged in the payday loan business.

PIAC is hoping to see Ontario's provincial legislation in place to make the payday loan business model more consumer - friendly by Spring of next year.