The reality in Lending Act: Consumer Protection, Complimentary Market Competition

The reality in Lending Act: Consumer Protection, Complimentary Market Competition Interest disclosures enable apple-to-apple comparisons, protect free market competition APR, or Annual Percentage Interest Rate Loan terms tend to be complex and may also add an amount of additional charges which make the cost that is real the debtor hard to decipher and hard to compare...

‘I felt like these were benefiting from me personally: ’ Wisconsin lawmakers turn to rein in payday loan providers

‘I felt like these were benefiting from me personally: ’ Wisconsin lawmakers turn to rein in payday loan providers MILWAUKEE -- a lot more than $22 million in pay day loans were granted in Wisconsin year that is last. In many cases, the interest compensated ended up being significantly more than the original loan. Now, number...