Who will be holding the “control button” for short-term loan companies like payday lenders and auto title loan companies? Payday lenders are keeping an eye on particular states that have implemented payday loan regulations, however many thought the recent financial regulatory bill would supersede the states decisions. This is better news for the states that want to have control over the lending practices that their state payday lenders conduct. What will be the future of individual state lending practices? Will states continue to fight to be able to control what their residents do? Many are keeping an eye on this, and we will be keeping an eye on things ourselves. Leadpile works a lot with payday loan lenders and hopes that any changes that happen will result in positive things for both the lenders AND many consumers that need payday loans. Stay tuned……..
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