Dennis Shaul, CEO associated with Community Finance Services Association, which represents lenders that are payday concedes that some perform borrowers do go into difficulty and could be best off with longer-term loans that may be repaid with time.

Dennis Shaul, CEO associated with Community Finance Services Association, which represents lenders that are payday concedes that some perform borrowers do go into difficulty and could be best off with longer-term loans that may be repaid with time. But the CFPB’s is...