Monthly Archives: March 2015

The vicious cycle of personal loans

I had a hallelujah moment when I saw that the Consumer Financial Protection Bureau was proposing rules that would require payday lenders to make sure borrowers can afford to repay their loans. I know. You must be thinking what I’ve been thinking for years: isn’t it the responsibility of the …

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Payday Loans – And Endless Cycles Of Debt – Targeted By Federal Watchdog: NPR

Maranda Brooks stands in January outside a payday loan company she used to frequent. Troubled by consumer complaints and loopholes in state laws, federal regulators are proposing sweeping payday lender rules for the first time, aimed at helping cash-strapped borrowers avoid falling into a cycle of indebtedness. Tony Dejak/AP hide …

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