Other short term lending (38 items)

Foreign news: US payday lenders hit by new rules, mobile POS devices, Santander in anti-corruption raid, and more

According to Wall Street Journal columnist Holman Jenkins Jr., the Consumer Financial Protection Bureau's requirement for payday lenders to run full credit checks on prospective borrowers (average loan US$392) to test sources of income, need for the loan, and ability to re-pay it will – perversely – make it "hard or impossible" to serve those customers who borrow when necessary but then promptly repay. read more

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