Cash advance team paid KSU for favorable research, documents show

Cash advance team paid KSU for favorable research, documents show

Georgia considers payday loans therefore dangerous to borrowers that they’re prohibited within state lines. U.S. armed forces officers testified before state lawmakers that the high interest, short-term paycheck improvements drown sailors and soldiers with debt. At one point, the U.S. customer Financial Protection Bureau, a federal customer watchdog agency, planned a crackdown.

Then when a Kennesaw State University study determined that borrowers whom sign up for a lengthy string of payday loans fare much better than those whom don’t, industry advocates tried it to battle down the prepared crackdown. A Washington, D.C., lobbyist hand-delivered the report to an integral administrator with the federal agency times before its general public launch, recently-released KSU e-mails reveal. Cash advance team paid KSU for favorable research, documents show 더보기