Tolerance.ca
Director / Editor: Victor Teboul, Ph.D.
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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.

US Consumer Protection Agency Scraps ‘Payday Loan’ Rules

Click to expand Image This ACE Cash Express outlet on San Mateo Boulevard in Albuquerque, New Mexico sits on a block with several small loan storefronts. The lenders who advance people money on their paychecks charge exorbitant interest rates that often snare the most vulnerable customers in a cycle of debt. © 2015 Vik Jolly/AP Photo The United States Consumer Finance Protection Bureau announced this week it would reject rules that aimed to prevent predatory practices by so-called payday and other small-dollar lenders. The regulations would have required lenders to take the basic step…

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