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

Novelist and essayist James Baldwin when published, “Anyone who's got ever struggled with poverty understands just exactly exactly just how exceedingly high priced it really is become bad.” These terms ring real for people who have actually relied on pay day loans to fulfill needs that are immediate be it food, lease or resources. A fast loan of a little amount of 300 dollars at excessive interest rates can set a low-income household on the…