Lenders’ questions over enhanced regulating will set you back must not produce ages due to the fact improving TILA’s required revelation criteria would be to boost sector efficiency when you look at the the latest pay day loan market because will assist solve everything asymmetry problem anywhere between loan providers and you may consumers

254 The brand new suggested damage provision incentivizes lenders to deal with all the information asymmetry state between lenders and you can consumers since supply retains lenders guilty of TILA abuses. 255 Incentivizing lenders to fully and you will correctly make disclosures can assist individuals make better behavior.