Under Trump, a New Golden Age for Payday Lending

Under Trump, a New Golden Age for Payday Lending A deregulatory push led by top-level Republicans could reverse the clock into the heyday of predatory financing. Payday lenders—those usurious operations that benefit from supplying high-interest loans to working-class and poor Americans—have seen their prospects improve significantly underneath the Trump management plus the Republican Congress. A …

New Payday Loan Protections Revoked by the buyer Financial Protection Board

New Payday Loan Protections Revoked by the buyer Financial Protection Board Payday financing has always been controversial. While cash advance providers bill themselves as an essential back-up for individuals in need of fast cash to pay for unanticipated costs, these high-interest loans may be a trap for consumers–typically, the customers whom can minimum manage it. …