High-cost installment loans: No improvement over payday advances

High-cost installment loans: No improvement over payday advances Meanwhile, some banking institutions additionally support a proposition championed by the https://myinstallmentloans.net/payday-loans-sc/ Pew Charitable Trusts to offer specific exemptions from CFPB underwriting needs for installment loans that cap monthly obligations at 5% of earnings, contending that that is essential to allow banking institutions to provide credit that is small-dollar. But this plan …