Posted inLocal news

Payday Loans still a debt trap by design, consumers lose $3.4B in fees each year

Payday loans – the small loans that come with big fees and triple-digit annual interest rates – pose serious threats to the financial well-being of borrowers where they remain available. That was the conclusion reached in new research by the Center for Responsible Lending (CRL). “Whether they receive the loans online, in storefronts or through […]

Gift this article