Is progress being made on Ferguson Commission’s cash advance guidelines?

Is progress being made on Ferguson Commission’s cash advance guidelines?

The tips regarding the Ferguson Commission are now being touted as being a possible roadmap to move ahead when you look at the St. Louis area following this year’s protests stemming through the not liable verdict when you look at the murder test of a previous St. Louis Metropolitan officer. A number of the proposals cope with predatory lending, which regularly traps low-income earners with really high-interest loans.

There has been developments to cope with the matter in St. Louis, Jefferson City, and Washington, D.C. because the commission circulated a report that is final.

People in the panel, that has been founded after Michael Brown’s death in 2014 to create possible methods to the location’s racial tensions, needed a conclusion to predatory lending by changing underwriting criteria, re re payment terms, collection methods and exactly how high-interest prices can continue short-term loans. Continue reading “Is progress being made on Ferguson Commission’s cash advance guidelines?”