The rules that were rescinded involved the Advertising. In the past the TV ads had to show terms and interest, even though it was fine print and near impossible to read. Now the TV ads don't have to include interest rates and fine print beyond saying such things are determined based on the state laws. There is nothing beyond more come-ons like "First scheduled payment fee dropped."
I'll see if I can find the source for that again but just watch a few of the payday loan ads on TV.
Edited by jar, : appalin spallin swon ----> show