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Stock impact report

This Debt Disaster Is Making a Comeback [The Motley Fool]

FirstCash Holdings, Inc. (FCFS) 
Last firstcash holdings, inc. earnings: 4/22 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.firstcash.com
Company Research Source: The Motley Fool
Payday loans just got a big shot in the arm from an unlikely source. Making money from offering short-term loans to borrowers is a time-honored tradition that goes back centuries. Yet many of the low-income Americans who rely on the modern-day payday loan have difficulty repaying their debt, and that can cause a downward debt spiral that can lead to much dire financial consequences. Less than four months ago, it appeared that the uproar against payday-loan providers might result in the ultimate demise of the industry. But a recent move from the regulatory agency that initially set new rules in motion to place restrictions on payday lenders has signaled instead that the industry will likely have a new lease on life. That will put the onus back on those who take out payday loans to protect themselves against the profit-seeking motives of the lenders providing these sometimes-disastrous financing options. Image source: Getty Images. Payday lending and the CFPB Back Show less Read more
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