How legislation has changed payday lenders

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The much maligned payday loan industry continues to change under new government regulations designed to restrict the industries most predatory practices. The result of these regulations has been to push some of the most unscrupulous lenders out of the industry completely, and forcing those that remain to be clearer in the interest rates and other payment terms.

Rough Timeline For Payday Loan Legislation & Regulation Changes – An infographic by the team at Swift Money

Photograph by Images of Money