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Payday financing loses benefit among borrowers

Payday financing loses benefit among borrowers

Ramifications of pandemic might reverse trend, but

The interest in payday financing in Washington state happens to be decreasing steadily, in accordance with data released in August through the Washington state dept. of Financial Institutions’ 2019 Payday Lending Report.

As the events of 2020 could reverse that trend, brick-and-mortar loan providers here continue steadily to face pressures from online payday lenders and a shifting landscape that is regulatory. Continue reading Payday financing loses benefit among borrowers