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Financial watchdog to gut nearly all of its payday financing rules NYC (AP) — The nation’s federal watchdog that is financial Wednesday that it intends to abolish the majority of its critical consumer defenses governing payday lenders. The move is really a win that is major the payday financing industry, which argued the government’s laws…

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PHILADELPHIA CITY COUNCIL OPPOSES PAYDAY LENDERS HOTTEST MAKE AN EFFORT TO GUT PA CUSTOMER DEFENSES Philadelphia, PA – in front side of you forthcoming industry-backed bill to enable high-cost, durable cash advance in Pennsylvania, Philadelphia City Council took the 1st step toward fending directly down their efforts by adopting a remedy, askin people inside the…