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Feb 2, 2018 Considering how many people are repeat borrowers, the Bureau estimates the rule could eliminate up to 62 percent of current payday loans. "It might as well be 100 percent," said Ian MacKechnie, the founder and CEO of Tampa-based payday lender Amscot. "Nobody's going to be around. It puts us out of 

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Oct 5, 2017 Currently, access to small loans is limited in the U.S. Eight in 10 payday loans customers said they'd prefer to borrow from a bank or a credit union. The Pew Charitable Trusts. Lenders like Advance America argue that the proposed regulations could drive most small lenders out of business. “Creating