Payday Loan Safeguards Removed Here S The Better Alternatives To Small Dollar Loans
The decision (opens in new tab) by the Consumer Financial Protection Bureau (CFPB) to rescind its 2017 payday loan rule has provoked concern that millions of Americans could quickly slip into a cycle of debt, particularly given the heightened financial pressures being felt by many households due to the coronavirus pandemic. The original idea behind the 2017 rule was to limit harmful lending practices while keeping credit available to consumers....