It wasn't expected to survive in its current form. Most payday lenders shifted to installment loans (and/or lines of credit) in anticipation of the rule becomi

It wasn't expected to survive in its current form. Most payday lenders shifted to installment loans (and/or lines of credit) in anticipation of the rule becoming final. The lenders with an existential problem were in states that have legal payday (i.e. short-term balloon notes) but no legal high-APR installment options.