Lender advocates: Education key to accountable financing

Lender advocates: Education key to accountable financing

When confronted with several present and pending moratoriums on payday loan providers when you look at the Golden Triangle and statewide, advocate teams are talking through to behalf of check-cashing services.

Dan Robinson, owner of money Inc. in Columbus and a representative for Borrow Smart Mississippi, states customer training could be the reply to stopping the period of high-interest financial obligation skilled by numerous loan that is payday. Tommy Moore, vice president for the Community Financial solutions Association of America, based in Alexandria, Va., contends payday loan offerrs supply a service that is vital available through old-fashioned banking institutions. Continue reading “Lender advocates: Education key to accountable financing”