Regulator Urges Banks to Contend With Payday Lenders. “It’s in contrast to that credit need went away, it simply got displaced to the many costly part,” he stated.

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Regulator Urges Banks to Contend With Payday Lenders. “It’s in contrast to that credit need went away, it simply got displaced to the many costly part,” he stated. A federal regulator on Wednesday encouraged banks to provide little, short-term loans to individuals looking for crisis money, the Trump administration’s relaxation that is latest of banking laws and an unusual minute …