The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

BC-US-Payday Lending-Con, 0135

Contributed by NAMPA / Associated Press.

Tougher payday loan rules remain in place<
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NEW YORK (AP) - Tougher rules governing the payday lending industry, finalized during the final weeks of an Obama-era appointee who led the Consumer Financial Protection Bureau, will remain in place after Congress allowed a deadline to overrule them pass.
The rules require payday lenders to determine upfront the ability of potential borrowers to repay short-term loans of 45 days or less. It the short-term loan period expires and t ...

 

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