'Legalized loan sharking': payday loan clients recount their experiences

An Ace Cash Express outlet sometimes appears on San Mateo Boulevard in Albuquerque, brand New Mexico. The socket sits for a block which includes three loan that is small. Photograph: Vik Jolly/AP The buyer Financial Protection Bureau has purchased a summary of guidelines on short-term loans. Three clients state businesses lured them right into a trap M ick Mulvaney, White home budget manager and director that is interim of customer Financial Protection Bureau, recently announced…