Dodd-Frank: Act I, Title XII
July 28, 2010 | Huffington Post, federal legislation | Comments (1)
We’re all aware of the new bill in Illinois, but the Huffington Post doles out the latest on small-dollar loan initiatives in the Dodd-Frank Act:
Title XII of the Act “encourage[s] initiatives for financial products and services that are appropriate and accessible for millions of Americans who are not fully incorporated into the financial mainstream.” Specifically, the Act will incentivize financial institutions to offer low-cost, small-dollar loans that serve as safe alternatives to payday loans.
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Please…no ugly pictures allowed…thank you