Federal Rules Could Tame West” that is“Wild of Payday Lending

Federal Rules Could Tame West” that is“Wild of Payday Lending

Leonard Abbott of San Marcos had been aware of the risks of payday loans — the small-dollar, high-interest credit that will quickly trap borrowers in a morass of financial obligation. Nevertheless when unanticipated medical bills blew a opening in their month-to-month spending plan a year ago, he felt he had nowhere else to make. He took away a $500 loan, hoping to repay it in full in 2 days. Continue reading “Federal Rules Could Tame West” that is“Wild of Payday Lending”