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Drive to finish predatory lending that is payday vapor. Payday loan providers are going for a beating of belated.

Drive to finish predatory lending that is payday vapor. Payday loan providers are going for a beating of belated.

Payday lenders are using a beating of belated. Through the caustic part on Last Week Tonight with John Oliver urging possible cash advance customers to complete “literally anything else” in a money crunch to present news that a unique York District Attorney charged an area payday loan provider with usury, the news headlines has not put the industry in an optimistic light.

The timing couldn’t be better with the Consumer Financial Protection Bureau (CFPB) poised to issue rules to rein in abusive payday lending.