Questioning the evidence from September 11, 2001.Dissent is the highest form of patriotism - Thomas Jefferson.

Posted On October 3, 2020 In Investigation With 20 Views

The CFPB Finds Payday and Deposit Advance Loans Can Trap Consumers with debt

By

The CFPB Finds Payday and Deposit Advance Loans Can Trap Consumers with debt

Sustained Usage Of Loans Raises Consumer Protection Concerns

WASHINGTON, D.C. —Today, the buyer Financial Protection Bureau (CFPB) issued a study on deposit and payday advance loans discovering that for several customers the products trigger a period of indebtedness. Free financing standards, high expenses, and high-risk loan structures may play a role in the suffered use among these products that can trap borrowers with debt. (more…)

61 Total Views 1 Views Today