New pay day loan guidelines: what you should understand WASHINGTON D.C., — The customer Financial Protection Bureau issued rules that are new pay day loans this week. Customer advocates state the guidelines helps people that are low-income families caught in endless rounds of financial obligation. The industry contends that payday advances offer a choice for folks dealing with unanticipated costs or emergencies that are financial. The principles could cripple the industry, which collected about $3.6 billion in charge income in 2015, in accordance with the CFPB. Here’s what you ought to learn about pay day loans as […]