WASHINGTON (Reuters) Revenues car title loans when it comes to $6 billion cash advance industry will shrivel under an innovative new U.S. rule limiting loan providers’ ability to make money from high interest, short term installment loans, and much regarding the company could relocate to tiny banks, in line with the country’s consumer monetary watchdog. The customer Financial Protection Bureau (CFPB) released a regulation on Thursday needing loan providers to figure out if borrowers can repay their debts and capping how many loans loan providers make to a debtor. Continue reading →