Federal Regulators Aim to Curb Payday Lending “Debt Traps”
Federal Regulators Aim to Curb Payday Lending “Debt Traps” A block in Albuquerque, brand new Mexico, has several little loan storefronts. (AP Photo/Vik Jolly, File) The buyer Financial Protection Bureau (CFPB) the other day issued its long-anticipated last guideline on pay day loans, limiting lenders’ ability to benefit from high-interest, short-term loans and making the […]
