Tag Archives: Payday Loans

The CFPB has only just begun tackling financial services in its first four years

by Ashlee Kieler, Consumerist

Four years ago, the Consumer Financial Protection Bureau was created as a safeguard to ensure the financial industry followed the rules when selling products and services to consumers – and a lot has happened since that time. From returning billions of dollars to consumers who were wrong by financial services to holding for-profit colleges accountable for their deceptions, the work of the CFPB has touched many areas of the financial world and it continues to expand. While the CFPB has provided assistance to millions of consumers in its short time, there is undoubtedly more issues to be addressed. Read More ›

Friendly sales pitch can’t hide payday loans’ unfriendly rates

by David Lazarus, Los Angeles Times

Welcome to the new-and-not-so-improved world of payday lending, which has adopted more sophisticated sales pitches and branding to lure unwary consumers into loans that can trap them in endless cycles of debt. Read More ›

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