Brand brand New U.S. guideline on payday advances to harm industry, boost banking institutions: agency

Brand brand New U.S. guideline on payday advances to harm industry, boost banking institutions: agency WASHINGTON (Reuters) – profits for the $6 billion pay day loan industry will shrivel under an innovative new U.S. guideline limiting loan providers’ ability to benefit from high-interest, short-term loans, and far associated with company could relocate to tiny banking…