Here, by Kate Berry. The sources for that information mostly consist of unnamed "experts," but here's a quote that may shed some light on who one of the experts is:
"There is no way that Cordray is going back home to Ohio without" a payday rule, said Isaac Boltansky, a policy analyst at Compass Point Research & Trading.
And another quote:
Payday lenders have repeatedly said that the rule would drive them out of business, though the reality is likely more nuanced.
Some payday lenders already have pulled back from offering short-term loans of less than 45 days. Others have expanded into longer-term loans of a year or more, consumer advocates said.
