Some say payday advances occupy required niche; proposed reform might have fallout

Some say payday advances occupy required niche; proposed reform might have fallout

Vegas has a good amount of blinking neon indications, not all are for activity purposes — some alert hope if you partake in a $50 billion-a-year nationwide industry. Rather than flashing “girls, girls, girls,” these signs flash “fast cash.” Industry reform advocates say pay day loans are a predatory business despite assisting roughly 12 million mostly lower-income individuals each year.

Vegas has a great amount of flashing neon indications, yet not all are for activity purposes — some alert hope for many who partake in a $50 billion-a-year industry that is nationwide.

Rather than blinking “girls, girls, girls,” these signs flash “fast cash.”

Pay day loans are controversial since they just take the kind of little, short-term payday loans at high rates of interest. Continue reading “Some say payday advances occupy required niche; proposed reform might have fallout”