CRL Recommends Scrutiny of Payday Lending-Like Earned Wage Advance Products in the States
March 15, 2023
March 15, 2023
DURHAM, North Carolina, March 15 -- The Center for Responsible Lending issued the following news release on March 14, 2023:
State regulators should treat earned wage advance products like loans and hold lenders to usury and credit standards to prevent these products from putting borrowers into an unaffordable cycle of debt, the Center for Responsible Lending (CRL) and other advocates will tell lawmakers today at a Vermont committee hearing.
An increasing number of lende . . .
State regulators should treat earned wage advance products like loans and hold lenders to usury and credit standards to prevent these products from putting borrowers into an unaffordable cycle of debt, the Center for Responsible Lending (CRL) and other advocates will tell lawmakers today at a Vermont committee hearing.
An increasing number of lende . . .