CFPB Rule Could Protect Low-Income Households from Predatory Short-Term Lending

CFPB Rule Could Protect Low-Income Households from Predatory Short-Term Lending

Novelist and essayist James Baldwin when published, “Anyone who has got ever struggled with poverty understands just just exactly how acutely costly it really is to be bad.” These words ring real for people who have actually relied on payday advances to fulfill instant requirements, be it food, lease or resources. An instant loan of a tiny amount of 300 bucks at excessive interest levels can set a family that is low-income the trail of economic stress. Continue reading “CFPB Rule Could Protect Low-Income Households from Predatory Short-Term Lending”