June 2, 2016

WSJ PRO Others are experimenting with new ways to find borrowers in need to lower the cost of credit checks and default risks. Employee Loan Solutions in San Diego ties up with employers, who offer referrals for personal loans as part of employee-benefit programs. The company provides 12-month loans at a 24.9% annual percentage rate […]

Sidewire Jonathan Allen: Welcome David Rothstein, chairman of the Coalition for Safe Loan Alternatives, David Reiling, CEO of Sunrise Banks, and Doug Farry, cofounder and executive vice president for Employee Loan Solutions. David R. can you explain the need for the rule? Doug Farry: I’ll chime in. The CFPB, and other organizations, have found that payday loans