Payday loans

CFPB Ends Many Payday Loans – Where Will Consumers Go Next?

The Consumer Financial Protection Bureau on Thursday released a final version of its payday loan rules. “The new CFPB rule puts an end to the payday debt traps plaguing communities across the country,” said CFPB director Richard Cordray. “Too often, borrowers who need cash quickly find themselves trapped in loans …

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Payday loans are dying. But payday loans are on the rise

Payday loans – the “lifelines” that drown you in debt – are on the decline. Fines and regulatory control over high rates and deceptive practices have shut down payday loan stores across the country in recent years, a trend limited by a proposal last summer from the Consumer Financial Protection …

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Title Loans Vs Payday Loans: What’s The Difference?

Securities and Payday Loans: An Overview Asking if title loans or payday loans are better is like asking which disease is best to get in winter. Both loan products feature usurious interest rates, adverse terms, and potentially aggressive collection tactics. A significant difference between a title loan and a payday …

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