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Payday loan providers are making bank on brand brand new, high-interest services and products

Payday loan providers are making bank on brand brand new, high-interest services and products

Payday financing stocks are beating documents. Mostly since they’re no longer payday lenders.

Enova Global has a lot more than doubled up to now this present year, the most useful performer within the Russell 2000 customer Lending Index, followed closely by competing Curo Group, up 64%.

Assisting to drive those gains certainly are a raft of the latest financing products which carry the same interest that is ultra-high pay day loans.Read More