We've always respected them and their devotion to the Payday universe." "We want to build a long-term relationship with the community. "But it would just bite us back in the end. "We could ," Listo previously told Eurogamer. Overkill has a roadmap of paid-for and free content updates laid out for a while to come and, with a userbase now above nine million, it makes sense for the developer to keep its players rooted in one place. This new statement of support comes ahead of the game's PlayStation 4 and Xbox One editions, which arrive in June and include all DLC released to date. Alright! We have a lot in store for the rest of the year and have no time to rest." "On behalf of the rest of the crew, thank you everyone for your support through the years! We wouldn't be where we are without you guys! We will honor your support by continue supporting Payday 2 for two more years. At Overkill, we are still celebrating," producer Almir Listo explained in a new blog post. "We've seen many of your comments already. Payday 2's current model, which mixes free updates, optional paid DLCs and new campaigns, is expected to continue over the next 48 months. The studio confirmed it had reached a deal with publisher 505 Games that will allow it to work on two more years' worth of content. “Families need the CFPB to instead work to ensure that they are treated fairly by enforcing the common sense rule that payday lenders should make loans that borrowers can reasonably afford to repay,” Rios said.Payday 2 developer Overkill has pledged to continue support for its popular heist shooter into 2017. Lynn DeVault, CFSA’s chairman.Ĭharla Rios, a researcher at the Washington-based, consumer-advocate group, Center for Responsible Lending, said that the ongoing coronavirus disruption may lead to greater demand for small-dollar lending and the CFPB’s rule actively facilitates harm to consumers at a time of crisis and uncertainty. The Bureau’s own evidence didn’t support its payment practices provisions, which were flawed and based on unsupported data, much like the ability-to-repay provisions,” said D. “We are very disappointed the CFPB chose to leave the payment provisions of the original rule intact. Industry groups, including the Community Financial Services Association of America, argued the agency’s measure doesn’t go far enough. The new measure does not alter the payments provisions of the 2017 rule, which prohibit lenders from making a new attempt to withdraw funds from an account where two consecutive attempts have failed unless consumers consent to further withdrawals, the agency said. “To loosen restrictions against predatory behavior by payday lenders is shameful by itself, but to do it in the middle of a devastating pandemic as countless families face unimaginable financial hardship is completely inexcusable,” Biden said. 3 election, said in a statement the decision was “a windfall to predatory lenders” and would be a burden for working families already struggling in the coronavirus pandemic. While lenders argue its payday rules would effectively eliminate critical stop-gap funding to borrowers, consumer advocates have long criticized the lenders for saddling borrowers with annualized interest rates that often reach several hundred percent.ĭemocrat Joe Biden, who will face Republican President Donald Trump in the Nov. The CFPB was created in the wake of the 2007-09 global financial crisis to crack down on predatory lenders. “Our actions today ensure that consumers have access to credit from a competitive marketplace, have the best information to make informed financial decisions and retain key protections without hindering that access,” said the agency’s director, Kathy Kraninger, adding that the CFPB would continue to monitor the small dollar lending industry and enforce the law against bad actors.
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