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Pew’s Nick Bourke weighs in on new loan that is payday The laws are made to keep individuals from dropping into just just what the CFPB calls a “debt trap,” where borrowers will get stuck paying down a high-interest loan for months at a stretch for just what is meant to become a two-week loan.
Money for absolutely absolutely Nothing Confessions of a Payday Lender: “I Felt Like a Modern-Day Gangster” F ederal regulators earlier in the day this thirty days revealed brand brand new rules targeted at reining in payday loan providers and also the exorbitant charges they charge. Now be prepared to hear plenty of just what one
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