DIAMOND Bank Plc has introduced PayDay Loan to ease the financial burden of its customers as part of the benefits from its merger with Access Bank Plc.
WASHINGTON -- The Consumer Financial Protection Bureau on Wednesday proposed significantly weakening Obama-era rules governing payday lenders, boosting the fortunes of an industry accused of keeping low-income borrowers trapped in a cycle of debt.
COMPLAINTS to the Financial Ombudsman about payday lenders have rocketed from barely 3,000 in three months last year to almost 11,000 in the same period this year.
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