Tolerance.ca
Director / Editor: Victor Teboul, Ph.D.
Looking inside ourselves and out at the world
Independent and neutral with regard to all political and religious orientations, Tolerance.ca® aims to promote awareness of the major democratic principles on which tolerance is based.

Gutting Payday Loan Rules Will Harm Vulnerable Families

Expand Gutting payday loan rules will harm vulnerable families © Seth Anderson/Flickr Proposed plans to get rid of rules designed to protect largely low-income consumers from abusive high-interest loans risk the well-being of some of America’s most vulnerable households. The United States Consumer Financial Protection Bureau recently announced the proposal to rescind rules that would have meant payday and auto-title lenders had to make sure that customers could repay loans under the terms of the contract. Loans not meeting this requirement would be considered unfair and abusive. When people…

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