Federal legislation of payday advances is a win for states’ liberties Back 2014, through the very first period of their hit HBO show “Last Week Tonight,” John Oliver took in the payday loan industry. Boggled by loans that carried as much as a 1,900 percentage that is annual (APR), Oliver offered up a revised form of the “Lion King” theme track. “It’s the group of financial obligation!” he sang. “And it screws us all.” Oliver explained that the outrages associated with loan that is payday couldn’t be stopped because “they are extremely proficient at avoiding legislation.” Any longer. The buyer Financial Protection Bureau (CFPB), the agency faced with implementing and enforcing federal customer legislation, simply unveiled a unique rule establishing, […]