Federal regulators set places on Tennessee's payday financing industry. Payday advances were developed to give tiny loans to customers to meet up with a need that is short-term.

Federal regulators set places on Tennessee's payday financing industry. Payday advances were developed to give tiny loans to customers to meet up with a need that is short-term.

REGULATORS SET SIGHTS ON TENNESSEE

Just exactly exactly What: Field hearing on payday lending

Where: Nation Musical Hall of Fame, Nashville

Whenever: 11 a.m. central time

WHAT EXACTLY IS A PAY DAY LOAN?

• Payday loans had been developed to deliver tiny loans to customers to generally meet a need that is short-term.

• Consumers who remove these loans are often needed to repay them from their next paycheck.

• Relating to reports from industry analysts, about […] Read more