For 36 months, payday lenders have already been bracing for devoted scrutiny from a U.S. agency when it comes to time that is first. A good way they’re getting prepared: switching to loans built to fall outside of the grasp that is regulator’s.

Businesses including money America Global Inc. and Advance America money Advance Centers Inc. are increasingly selling longer-term installment loans to prevent rules the buyer Financial Protection Bureau may impose to their shorter-term items.

While consumer teams say installment loans carry exactly the same risks and high yearly rates of interest that received regulatory focus on payday financing, organizations after switching have actually won kudos from investors.