22Jan
Payday Advances — And Endless Cycles Of Debt — Targeted By Federal Watchdog
Payday Advances — And Endless Cycles Of Debt — Targeted By Federal Watchdog Maranda Brooks appears in January outside a payday advances company that she used to frequent. Troubled by customer complaints and loopholes in state laws and regulations, federal regulators are proposing expansive, first-ever guidelines on payday lenders, targeted at helping cash-strapped borrowers from dropping into a period of financial obligation. Updated at 4:50 p.m. E.T. For scores of cash-strapped customers, short-term loans provide the way to...
