If you are looking for cash — fast — make sure an online payday loan in fact is your final resort. Cash-strapped customers may do have more choices than they understand.
The buyer Financial Protection Bureau is proposing brand brand brand new guidelines to curtail lending that is payday the agency claims may lead borrowers into long-lasting “debt traps.”
The defenses would protect items including payday and other short-term loans, auto-title loans and some high-cost installment loans. Prices on such services and products, it claims, is as high as 390 % — or higher. Read more