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.
What to Know About Online Paycheck Advances and Why They Face Scrutiny
Theme: Regulation and Deregulation of Industry
Read for about 7 sec.
Source: The New York Times
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.