The rules that are new the CFPB will outlaw car games as protection on installment loans.

The rules that are new the CFPB will outlaw car games as protection on installment loans.

By TED CARTER

The Mississippi Senate approved installmentloan legislation Wednesday that supporters say creates options for cashstrapped borrowers but has opponents stressing it expands predatory financing. Supporters of legislation authored by Sen. Rita Potts Parks, chairwoman associated with the Business and Financial Institutions Committee, tout it in an effort to guarantee shortterm loans are available following the U.S.

Więcej