Why States that Restrict Cash Advances Are Hurting the Public

Cash advance companies are regulated by the state in which they operate. In other words, each state has the ability to control how a cash advance loan company operates in their state. Some states appreciate the financial services cash advance companies provide to their residents, while others may not share the same sentiments. Although all of the states have their share of laws regarding the operation of businesses and companies in their particular state, cash advance loan companies, in particular, have come under fire over the last few years. They have seen tight regulations and restrictions imposed on them by the states in which they operate. Strict Restrictions on Cash Advances may Equal Disaster for Consumers

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